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Summit Oil and Shipping Co Ltd, the private sector importer and supplier of fuel oil to Bangladesh, has signed a Memorandum of Understanding with Commonwealth LNG to collaborate in the supply of LNG to Asia, including Bangladesh.
The SOSCL is part of the Summit Group, Bangladesh’s largest infrastructure conglomerate.
According to Summit Group, the signing ceremony took place at the Bangabandhu Auditorium of the Embassy of Bangladesh in Washington, DC in the presence of Dr Tawfiq-e-Elahi Chowdhury, Energy Advisor to the Prime Minister.
Speaking on the occasion, Dr Tawfiq-e-Elahi Chowdhury underscored the importance of ensuring access to energy sources to support the economic development related activities in Bangladesh.
He welcomed the signing of the MOU between SOSCL and Commonwealth LNG as an important step towards further expanding the existing energy cooperation between Bangladesh and the United States.
The scope of the MOU includes SOSCL potentially contracting for 1 million tonnes per year (MTPA) of LNG offtake, for a term of up to 20 years, from Commonwealth’s 8.4 MTPA facility currently under development in Cameron, Louisiana.
