News

2018 January 7 18:51

Summit Power International awards 15 - year contract to PSA Marine for support vessel services for an LNG terminal in Bangladesh

Summit Power International Pte. Ltd. (“SPI”) , Singapore , has announced that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited  has awarded a 15 - year  contract to PSA Marine  Bangladesh  Pte . Ltd., a  subsidiary of PSA Marine (Pte) Ltd (“PSA Marine”). Under the contract , PSA Marine  Bangladesh  will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling  at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore  supply vessel.

The award of this contract marks a significant milestone for PSA Marine and commencement of  a long - term partnership with  SPI. Together with Summit LNG, PSA Marine Bangladesh targets  to commence operations in  early 2019.

In 2017, Summit LNG has received a concession from Petrobangla, Bangladesh’s state - owned  company, to develop a  floating LNG terminal facility comprising of a storage and regasification  unit connected to shore by a six - kilometre subsea pipeline, on a build, own, operate, transfer  basis in  Moheskhali,  Cox’s Bazar to supply  approximately 500 million cubic feet per day of  natural gas  to  the  national grid. This project is part of SPI’s USD 1 billion investment programme  to deliver 1,000 MW of power and gas in Bangladesh.

About PSA Marine

PSA Marine, a wholly - owned subsidiary of PSA International Pte Ltd, is a leading harbour and  terminal towage operator, and pilotage services provider. PSA Marine owns and operates more  than 60 tugs in China, Hong Kong, India, Oman and Southeast Asia with flagship operations in Singapore.

About  Summit Power International 

Incorporated in Singapore,  Summit Power International is a leading developer, owner  and operator of  high - quality power projects in  Bangladesh. Having established Bangladesh’s first independent power plant in 1998, SPI is the largest Independent Power Producer in the  country, representing approximately 21% of the private power market.