BSS-52 Summit Group starts supplying LNG





Summit Group starts supplying LNG

MOHESHKHALI, Cox’s Bazar, April 30, 2019(BSS)- Summit LNG Terminal Co Ltd (SLNG) has successfully completed the commissioning of its Floating Storage and Regasification Unit (FSRU) on April 29 and supplying 500 mmcfd of regasified liquified natural gas to the national grid.

This significant milestone was achieved approximately one month ahead of schedule saving resources for the government and will be source of supply to many of the homes and industries waiting for much needed gas supply, said a press release.

Summit Group chairman Muhammed Aziz Khan said, “Investors in Bangladesh requires to believe that energy, gas and power will be available to their industries. Our Summit LNG’s 500 mmcfd will help to strengthen that trust. Price is a matter of demand and supply in a free-market economy. However, Bangladesh Energy and Regulatory Commission (BERC) has to set fair price as only a fair price can ensure uninterrupted gas and power supply.”

He added, “We are grateful for the opportunity given to us by Ministry of Power, Energy and Mineral Resources (MPEMR), Petrobangla and Rupantarita Prakritik Gas Co Ltd (RPGCL).”