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Excelerate Energy contracts Svitzer

Published by , Senior Editor
Tanks and Terminals,

Svitzer will provide marine support services for the Excelerate Energy floating storage and regasification unit (FSRU) in Bangladesh.

The 15-year contract was awarded by Excelerate Energy Bangladesh Ltd. Svitzer will provide marine support services at Bangladesh’s first LNG import terminal, which will be located offshore Moheshkhali Island in the Bay of Bengal.

The LNG terminal will enable Petrobangla, the state owned energy company, to increase natural gas supply in the country by up to 20%. The construction of the terminal will commence in 4Q17 and is anticipated to be in service by mid-2018.

Svitzer 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 36 m Crew Boat under construction at the Penguin Shipyard and the MSV Svitzer Foxtrot from the existing fleet.

Svitzer will also establish a Bangladesh branch office to oversee the operation.

Svitzer’s Alan Bradley said: “It is a vote of confidence that Excelerate chose Svitzer to support their operations in Bangladesh, recognising that we have a great deal of experience operating tugs and other support vessels.

“We are looking forward to a long-term partnership with Excelerate providing safe and reliable marine support services in Bangladesh and our appointment to perform this work is in line with Svitzer’s global expansion into the oil and gas terminal towage sector.

“The 15-year contract with a 5-year option signals a confidence in Svitzer’s ability to deliver on a Greenfield project and to meet the challenges of service provision that satisfy the demanding project timeline.”

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