Svitzer Bags FSRU Support Contract in Bangladesh

Svitzer will provide marine support services for the Excelerate Energy FSRU at Bangladesh’s first liquefied natural gas (LNG) import terminal.

Excelerate Energy Bangladesh Limited awarded Svitzer the 15-year contract following a competitive tender process. The contract also includes a five-year option.

Bangladesh’s first LNG import terminal, located offshore Moheshkhali Island in the Bay of Bengal, will enable Petrobangla, the state owned energy company, to increase natural gas supply in the country by up to 20 percent, sufficient to support up to 3,000 MW of power generation capacity. The construction of the terminal will commence in the fourth quarter of 2017 and is anticipated to be in service by mid- 2018.

Svitzer said it will establish a Bangladesh branch office to oversee the operation, and will serve the facility with a suite of five vessels – three Robert Allen RAstar 3200 Ocean Going Terminal tugs under construction at the Cheoy Lee Shipyard in China, one 36m Crew Boat under construction at the Penguin Shipyard and the MSV Svitzer Foxtrot from the existing fleet.