Related Articles
The Cox’s Bazar location of Summit’s existing FSRU is better known for its golden sands
Forward article link
Share PDF with colleagues

Bangladesh hails Henry Hub linkage in US LNG deal

South Asian importer hopes for price advantage compared with Brent

“In Bangladesh, we import LNG on a Brent index but this [deal] is indexed to Henry Hub, which is a more stable index. I think Bangladesh will benefit as far the prices are concerned.” So says Farid Khan, director of Summit Oil and Shipping Co Ltd (Soscl) as the Bangladeshi firm inked a memorandum of understanding (MoU) for 1mn t/yr of potential imports from US exporter Commonwealth LNG. “We are trying to put up LNG terminals in Bangladesh,” says Khan. Soscl is the largest private sector importer and supplier of fuel oil to Bangladesh, but another subsidiary within the Summit Group infrastructure conglomerate operates a 500mn ft³/d (14.6mn m³/d) floating storage and regasification unit and L



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Trinidad scrambles to prevent gas nosedive
17 September 2021
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
Nigerian reforms leave lingering doubts
16 September 2021
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
Tullow-led joint venture reveals revised Kenya plans
16 September 2021
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video