Summit FSRU
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Summit FSRU is an operating LNG import terminal in Bangladesh.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Summit FSRU | Moheshkhali Island, Bay of Bengal, Cox's Bazar, Chittagong, Bangladesh[1][2] | 21.562987, 91.821147 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Summit FSRU | import[3] | operating[3] | 3.8 mtpa[4] | 3.8 mtpa | True | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Summit FSRU | import[3] | – | – |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Summit FSRU | import[3] | operating[3] | 2017[5] | – | 2017 | 2019[6][3] | –[3] |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Summit FSRU | import[3] | operating[3] | Summit LNG Terminal Co Ltd[7][8] | Summit Power International Ltd | Summit LNG Terminal[7][8] |
Table 6: Vessel ownership
| Name | Facility type | Status | Vessel | Vessel owners |
|---|---|---|---|---|
| Summit FSRU | import[3] | operating[3] | Summit LNG[3] | Excelerate Energy[9] |
Background
In January 2017, Summit Group signed an initial contract with Petrobangla to set up a liquefied natural gas terminal on Moheshkhali Island in Cox's Bazar at a cost of about US $500 million. It would have capacity of 3.5 mtpa. Summit said it would develop the floating facilities within 18 months of signing the final contract.[10][11]
In January 2019, Summit announced that it expected the FSRU to begin operations in March 2019.[12] The FSRU was commissioned in April 2019.[13]
Summit's FSRU ceased operations for routine maintenance in January 2024 and resumed operation in April 2024[14], maintaining the same capacity.[15]
In January 2024, Summit Group has signed a preliminary pact to supply 1.5 mtpa of LNG to state-run Petrobangla for 15 years, starting from October 2026.[16] In June 2024, the supply contract was finalized.[17]
In early June 2024, the FSRU was damaged by Cyclone Remal. The FSRU will be sent to Singapore or the Middle East for repairs which should last up to three weeks.[18] During this time production at the terminal will be temporarily shut down.[19][20]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ https://www.google.com/maps/place/21%C2%B033'46.8%22N+91%C2%B049'16.1%22E/@21.5629871,91.8185662,1194m/data=!3m2!1e3!4b1!4m4!3m3!8m2!3d21.5629871!4d91.8211465?entry=ttu&g_ep=EgoyMDI1MDgxMy4wIKXMDSoASAFQAw%3D%3D.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.vesselfinder.com/?imo=9322255.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 (PDF) https://cdn.prod.website-files.com/67bdb9fc993751711c5f54fd/685278fda1e68e3b4324e2cf_0432365c1c5b8fb129ae8055cca8cb9b_%23GIIGNL%20-%20Livre%202025-20250610-Simple.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.tbsnews.net/bangladesh/energy/summits-floating-lng-terminal-set-resume-gas-supply-early-april-818186.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.thedailystar.net/business/summit-signs-deal-build-500m-lng-terminal-1340404.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.rivieramm.com/news-content-hub/news-content-hub/bangladeshs-innovative-fsru-lng-import-terminal-55200.
{{cite web}}: Missing or empty|title=(help) - ↑ 7.0 7.1 https://summitpowerinternational.com/summit-lng-terminal.
{{cite web}}: Missing or empty|title=(help) - ↑ 8.0 8.1 https://summitpowerinternational.com/about-us.
{{cite web}}: Missing or empty|title=(help) - ↑ https://finance.yahoo.com/quote/EE/profile/.
{{cite web}}: Missing or empty|title=(help) - ↑ Summit LNG Terminal The Daily Star, Jan. 5, 2017.
- ↑ "Govt to set up two land-based LNG terminals" The Daily Star, June 15, 2017.
- ↑ Bangladesh's second LNG terminal to start in March; supply faces hiccups, Reuters, Jan. 15, 2019
- ↑ Bangladesh’s Second LNG Terminal Commissioned Excelerate Energy, May 1, 2019.
- ↑ "Summit FSRU resumes production". Daily Observer. Apr 16, 2024. Retrieved June 3, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Summit's floating LNG terminal set to resume gas supply in early April". The Business Standard. Mar 29, 2024. Retrieved June 3, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit to supply 1.5 mln T LNG to Petrobangla from Oct 2026". Reuters. Jan 16, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "15-year LNG supply deal with Summit". The Financial Express. June 5, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit LNG to send damaged FSRU to Singapore or Middle East for repairs". LNGPrime. Jun 3, 2024. Retrieved Jun 14, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Bangladesh's Summit LNG says FSRU operations paused due to cyclone damage". Zawya.com. June 1, 2024. Retrieved June 4, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Cyclone damages Excelerate's FSRU in Bangladesh". LNGPrime. Jun 3, 2024. Retrieved Jun 14, 2024.
{{cite web}}: CS1 maint: url-status (link)
