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
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