Summit gets approval to set up its 2nd LNG import terminal in Bangladesh
Summit gets approval to set up its 2nd LNG import terminal in Bangladesh
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Natural Gas News
Summit gets approval to set up its 2nd LNG import terminal in Bangladesh
Summary
Bangladesh currently has two floating LNG terminals, one operated by Summit, while the other is managed by Excelerate Energy. by: Shardul Sharma
Summit Oil and Shipping, a subsidiary of Summit Group, has received approval from the Bangladesh government to establish its second and country’s thir...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.