Bangladesh's Summit LNG expected to resume operations in mid-July
The floating storage and regasification unit of Bangladesh's Summit LNG should resume operations in mid-July after it was damaged during a cyclone, a Petrobangla official said on Thursday.
The official said the unit is likely to resume operations by July 14-15. It was hit by cyclone Remal which brought gales and heavy rain to the coastlines of India and Bangladesh.
Summit LNG had earlier said the floating liquefied natural gas import terminal would proceed to Singapore or the Middle East for repairs. Shiptracking data from LSEG data shows that the vessel is currently moored in Singapore.
State-owned Petrobangla is tasked with importing LNG for Bangladesh, which relies on the fuel to meet power demand for its population of more than 170 MM people.
Petrobangla cancelled four spot cargoes scheduled for delivery from late May to around mid-June following the damage to the unit, which is one of Bangladesh's two floating LNG import terminals.
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