The Financial Express

$100m deal to accelerate Moheskhali FSRT

| Updated: November 22, 2017 20:05:44

$100m deal to accelerate Moheskhali FSRT

A USD 100 million turnkey deal has been signed for the Floating LNG Storage and Regasification Terminal (FSRT) in Moheskhali of Cox's Bazar.

Summit LNG Terminal signed a turnkey contract recently with Geocean SAS and MacGregor for design, engineering, procurement, fabrication, installation and testing of the project’s Fixed Infrastructure (FI).

A subsidiary of Summit Power International, Summit LNG Terminal inked the USD 100 million project with the marine work contractor consortium and the project will be completed with next 16 months, reports UNB.

The FI will consist, among others, of Disconnectable Turret Mooring (DTM) plug for FSRU vessel system with anchors (suction piles), flexible riser with floatation and tether system, control and hydraulic umbilical, PLEM, Stern Mooring System, FSRU vessel offshore pipelines and landfall works.

Summit LNG Terminal had signed Time Charter Party (TCP) agreement in August 2017 with Excelerate Energy for securing FSRU vessel.

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