PSA Marine Tugs to Assist Ships at LNG Terminal in Bangladesh
- Business & Finance
Towage operator PSA Marine Bangladesh, a subsidiary of PSA Marine, is to provide support services to LNG ships calling at Summit LNG FSRU Terminal in Bangladesh.
The company has been awarded a 15-year contract from Summit LNG Terminal, part of Summit Power International (SPI).
Under the deal, PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services with its three escort tugboats, one fast crew boat and one offshore supply vessel.
Together with Summit LNG, PSA Marine Bangladesh targets to commence operations in early 2019.
“Bangladesh requires 15 million tons of LNG and Summit will provide infrastructure for that. For our first project of LNG, we are pleased to bring on board PSA Marine … to support our venture to develop region’s fast growing LNG market,” Muhammed Aziz Khan, Chairman of SPI, said.
In 2017, Summit LNG has received a concession from Petrobangla, Bangladesh’s state-owned company, to develop a floating LNG terminal facility comprising of a storage and regasification unit connected to shore by a six-kilometer subsea pipeline. This project is part of SPI’s USD 1 billion investment program to deliver 1,000 MW of power and gas in Bangladesh.
PSA Marine has been providing towage services to Singapore LNG terminal in Jurong Island and the Oman LNG terminal at Sur. The company owns and operates more than 60 tugs.