The Cox’s Bazar location of Summit’s existing FSRU is better known for its golden sands
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 LN
Also in this section
18 November 2024
The company is on track to boost import terminal capacity by 40% in three years, CEO Akshay Kumar Singh tells Petroleum Economist
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
