PSA Marine secures LNG service contract

A subsidiary of PSA Marine (Pte) Ltd, the towage operator will provide berthing, mooring, pilot and personnel transfer services to LNG vessels calling at Summit LNG FSRU terminal on Moheskhali Island in Cox’s Bazar as part of its contract with Summit LNG Terminal Co. (Pvt) Limited, a subsidiary of Summit Power International Pte. Ltd (SPI).

Muhammed Aziz Khan, chairman of SPI, commented: “Bangladesh requires 15 million tons of LNG and Summit will provide infrastructure for that. For our first project of LNG, we are pleased to bring on board PSA Marine… to support our venture to develop region’s fast growing LNG market.”

Long-term provision

The contract, which marks the progress and increasing security of long-term LNG projects, will see PSA Marine Bangladesh use its three escort tugboats, one fast crew boat and one offshore supply vessel to carry out work at the terminal, due to be completed in 2018. Vessel service operations are expected to commence in early 2019.

In 2017, Summit LNG received a concession from Petrobangla, Bangladesh’s state-owned company, to develop the terminal, comprising of a storage and regasification unit connected to shore by a 6km subsea pipeline.

The US$500m terminal will operate on a build, own, operate and transfer basis. It will supply approximately 500m cubic feet per day of natural gas to the national grid.

This project is part of SPI’s US$1bn investment programme to deliver 1,000MW of power and gas in Bangladesh.