Gas crisis may prolong as Summit floating LNG terminal damaged again | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 04, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 04, 2025
Gas crisis may prolong as Summit floating LNG terminal damaged again

Energy

TBS Report
14 July, 2024, 09:35 pm
Last modified: 14 July, 2024, 09:41 pm

Related News

  • LNG imports get VAT relief to ease mounting gas crisis
  • Govt to procure 1 cargo LNG, 70,000MTs fertiliser, 45 lakh liters of refined rice bran oil
  • Egypt in talks to buy 40-60 LNG cargoes amid energy crunch: sources
  • Govt to procure 1 cargo LNG, 70,000 tonnes fertiliser
  • Govt to procure 1 cargo LNG, 1.10cr liters rice bran oil

Gas crisis may prolong as Summit floating LNG terminal damaged again

It was set to resume gas supply from 26 July

TBS Report
14 July, 2024, 09:35 pm
Last modified: 14 July, 2024, 09:41 pm
A floating storage regasification unit of Summit Power. Photo: Courtesy
A floating storage regasification unit of Summit Power. Photo: Courtesy

The ongoing gas crisis in the country is expected to prolong, as one of the floating LNG terminals in the Bay of Bengal, which suffered damages due to the aftershock of cyclone Remal, was damaged again shortly after undergoing repairs.

It was set to resume gas supply from 26 July.

Summit's Floating Storage and Regasification Unit (FSRU) returned from Singapore to Moheshkhali, Cox's Bazar after undergoing repairs to its ballast water tank on 10 July, according to a Summit statement today.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

A Summit official said, on 11 July, while preparing to moor the FSRU with the Disconnectable Turret Mooring (DTM) plug in the subsea landing pad, an unexpected entanglement and subsequent damage to the DTM buoy messenger line occurred. 

Summit promptly assigned local divers who identified the entanglement. It was determined that for the retrieval and rectification of the messenger line from the subsea floor, and for further inspection, divers with better dive-depth access and a Diving Support Vessel (DSV) are necessary, the official said.

Later, Summit promptly engaged a Singapore-based service provider and is currently awaiting internationally licensed and experienced deep-divers and DSVs to reach the FSRU site for a complete inspection and rectification process expected to commence next week. 

All stakeholders will be updated on the possible restoration date once the initial inspection report is available, reads the press release.

According to the press release, Summit acknowledges the gravity of this sudden setback which hinders the ship-to-ship (STS) transfer of LNG and the resumption of gas to the national grid. The company is actively working to find an immediate and safe solution to resume normal operations as soon as possible, according to the press release.

"It's common to face issues when setting up a new gas terminal. We expect the issue to be fixed very soon, within this month, Md Kamruzzaman Khan, director (operation and mine) of Petrobangla.

The initial damage, caused by a broken pontoon during Cyclone Remal on 27 May, halted gas supplies from one of the two floating LNG terminals in the Bay of Bengal, leading to a severe gas crisis nationwide.

This disruption affected industries, residential areas, power plants, and CNG filling stations, resulting in long lines at CNG stations due to low gas pressure.

This is not the first time gas supply from floating terminals has been disrupted by a disaster. 

On 12 May last year, supplies from the two floating storage units were suspended due to safety concerns during Cyclone Mocha, causing a severe gas shortage in various regions, including Chattogram.

Experts underscored that for a long-term solution, Bangladesh must build land-based LNG terminals. Floating storage units are temporary fixes and cannot be a sustainable long-term solution.

Petrobangla Chairman Janendra Nath Sarkar said, "We have had plans for a land-based terminal since 2017. It will be in Matarbari. However, the Ministry of Shipping has yet to create that channel. Their plan is for 2030 or 2031. We have requested that the channel be ready by 2027 or 2028. If the Ministry of Shipping and Chattogram Port Authority can prepare the channel by 2029, we can proceed with the contract."

Top News

Gas supply / summit / LNG

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Freedom fighters in training. Photo: Courtesy
    Govt revises definition of freedom fighter, recognising physicians, nurses who treated the wounded
  • Illustration: Duniya Jahan/TBS
    Businesses feel cold winds
  • Infographics: TBS
    Exports, remittances push BOP toward stability

MOST VIEWED

  • Advance tax on bus, truck, taxi to rise by up to 88%
    Advance tax on bus, truck, taxi to rise by up to 88%
  • Illustration: Duniya Jahan/TBS
    How Tk5 lakh tax exemption can be availed by salaried individuals
  • 17 makeshift cattle markets leased in Dhaka for Eid: Who gets the most
    17 makeshift cattle markets leased in Dhaka for Eid: Who gets the most
  • Representational image. File photo: Collected
    Primary education to see funding cut, madrasah budget to rise
  • Budget FY26: Housing sector may take a hit, flat prices set to rise
    Budget FY26: Housing sector may take a hit, flat prices set to rise
  • Illustration: Duniya Jahan/TBS
    Interim govt unveils national budget of Tk7.90 lakh crore for FY2025-26; first budget cut in history

Related News

  • LNG imports get VAT relief to ease mounting gas crisis
  • Govt to procure 1 cargo LNG, 70,000MTs fertiliser, 45 lakh liters of refined rice bran oil
  • Egypt in talks to buy 40-60 LNG cargoes amid energy crunch: sources
  • Govt to procure 1 cargo LNG, 70,000 tonnes fertiliser
  • Govt to procure 1 cargo LNG, 1.10cr liters rice bran oil

Features

Illustration: TBS

The GOAT of all goats!

23h | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

23h | Magazine
Sketch: TBS

Budget FY26: What corporate Bangladesh expects

1d | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

1d | Panorama

More Videos from TBS

Tesla not interested in manufacturing cars in India, big blow to Modi government

Tesla not interested in manufacturing cars in India, big blow to Modi government

2h | TBS World
Signs of strain in India-Canada relations

Signs of strain in India-Canada relations

3h | TBS World
What police are doing to reduce sufferings on road and to ensure safety

What police are doing to reduce sufferings on road and to ensure safety

4h | Podcast
The major trade agreements are in the final stages: White House

The major trade agreements are in the final stages: White House

5h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net