Summit Power to Develop US$3B LNG-to-power Project with Japanese Firms

Source: www.gulfoilandgas.com 3/13/2018, Location: Asia

Summit Power International Pte. Ltd., the largest independent power producer in Bangladesh, announced that Summit Corporation Limited, a subsidiary of Summit Power International along with Summit Holdings Limited, Mitsubishi Corporation (“Mitsubishi”) and its subsidiary Diamond Gas International Pte. Ltd. have signed a Memorandum of Understanding (“MOU”) to develop a LNG-to-Power project at Matarbari, Moheskhali area in Bangladesh, which is expected to cost up to US$3 billion.

The signing of the MOU was witnessed by the Honorable Prime Minister Sheikh Hasina of Bangladesh and Singapore’s Minister for Trade and Industry (Trade) Mr Lim Hng Kiang at the Bangladesh-Singapore Business Forum 2018.

Under the MOU, the parties agreed to develop an integrated liquefied natural gas (“LNG”) on shore receiving terminal with a regasification capacity of up to 1,500 million cubic feet per day (“mmcfd”), two units of 1,200 megawatt (“MW”) gas turbine combined cycle power projects (total of 2,400 MW), relevant high voltage transmission lines and the import of LNG.

Mr. Muhammed Aziz Khan, Chairman of SPI said: “Summit has a long-established track record of working with world-renowned technical partners including General Electric, W?rtsil? and now Mitsubishi Corporation and Diamond Gas. This MOU will help SPI support Bangladesh’s fast-growing energy, power and technology needs.

It will be a strategic fit for SPI to leverage Mitsubishi’s LNG, and LNG-to-Power expertise as well as understanding of Moheskhali and Bangladesh’s power needs. The two groups are well-positioned to uniquely benefit from opportunities arising from the Bangladesh Government’s move to raise LNG imports to meet the country’s domestic natural gas shortfall and expand the country’s power generation capacity.”


Canada >>  7/29/2021 - The liquefied natural gas (LNG) carrier Diamond Gas Victoria was delivered. The new ship will transport LNG from British Columbia for the LNG Canada p...
Poland >>  7/28/2021 - PGNiG Supply & Trading signed a contract for chartering two LNG carriers. The vessels will be built exclusively for the PGNiG Group and will enter ser...

South Korea >>  7/26/2021 - GTT has received an order from its partners the Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the tank...
South Korea >>  7/22/2021 - GTT has received, at the end of June, orders from its partners the Korean shipyards Hyundai Samho Heavy Industries (HSHI) and Daewoo Shipbuilding & Ma...

Mexico >>  7/21/2021 - On July 16th, the newly built BW Helios completed her inaugural voyage and arrived at Energía Costa Azul with the first carbon offset LNG cargo to Mex...
Kuwait >>  7/15/2021 - Qatargas Operating Company Limited (Qatargas) delivered the first ever cargo of liquefied natural gas (LNG) on a Q-Flex LNG carrier to commission Al-Z...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.