21AUG2018 - NEWS - Japan based Mitsubishi Corporation to buy stake in Bangladesh LNG Terminal

Japanese Mitsubishi Corporation has recently agreed to acquire a 25% stake in Summit LNG Terminal (SLNG) and to develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh. With the acquisition, 75% of SLNG will be held by Summit Corporation and 25% by Mitsubishi Corporation. Under the project, SLNG will install an FSRU 6km off the coast of the island of Moheshkali in the Cox Bazar District of Chittagong Division in Bangladesh, where it will receive and regasify LNG procured by Petrobangla.

Published by Editor - www.Livebunkers.com at 21-Aug-2018 5:55:25 [UTC] , contact editor at editor@livebunkers.com