Summit Group Urges Government of Bangladesh to Reverse Decision to Terminate FSRU Project
Top Stories Tamfitronics Dhaka & Singapore, Oct 8, 2024 - (ACN Newswire) -Summit LNG Terminal II Co Ltd (“SLNG II”), a unit of Summit Group, has urged the Government of Bangladesh to reverse its decision to terminate the third Floating Storage and Regasification Unit (“FSRU”) project in the country.SLNG II said it had received a notice from the Bangladesh Oil, Gas & Mineral Corporation (“Petrobangla”) on 7 October notifying the termination of the project situated at Moheshkhali in Cox’s Bazar.The Moheshkhali terminal (“2nd FSRU”) in southeast Bangladesh is the second floating gas terminal project undertaken by Summit Group with a planned regasification capacity of 600 million standard cubic feet per day.In response to media queries, SLNG II wishes to clarify the following:1) In late 2020, the Government of Bangladesh made a strategic decision to transition...
