Bangladesh’s second LNG terminal commences operations

The foundation of the Summit LNG Terminal is a floating storage and regasification unit (FSRU), christened Summit LNG. Summit Corp. owns 75% of the FSRU, and the remaining 25% is owned by Mitsubishi Corp.

According to Reuters sources, the facility is currently delivering gas to the national grid at a rate of 503 million ft³/d. The FSRU has the capacity to regasify 500 million ft³/d of LNG.

Approximately 3.75 million tpy of LNG is expected to be imported through the FSRU. This will double Bangladesh’s current LNG import capacity to 7.5 million tpy.