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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
