Summit LNG Terminal Co Ltd started to supply liquefied natural gas from its floating storage to the national grid on Monday, said a press release.
The company has successfully completed the commissioning of its floating storage and regasification unit and is supplying 500 mmcfd of regasified liquified natural gas to the national grid, one month ahead of the schedule, it said.
Summit Group founder chairman Muhammed Aziz Khan said, ‘investors in Bangladesh require to believe that energy, gas and power will be available to their industries. Our Summit LNG’s 500 mmcfd will help to strengthen that trust.’
He said that in the free market economy price depended on demand and supply situation.
‘However Bangladesh Energy Regulatory Commission has to set fair price as only a fair price can ensure uninterrupted gas and power supply,’ Aziz added.
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