Advertisement
Singapore markets closed
  • Straits Times Index

    3,410.81
    -29.07 (-0.85%)
     
  • Nikkei

    40,912.37
    -1.28 (-0.00%)
     
  • Hang Seng

    17,799.61
    -228.67 (-1.27%)
     
  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     
  • Bitcoin USD

    57,967.74
    +1,547.64 (+2.74%)
     
  • CMC Crypto 200

    1,205.17
    -3.52 (-0.29%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • Dow

    39,375.87
    +67.87 (+0.17%)
     
  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     
  • Gold

    2,399.80
    +30.40 (+1.28%)
     
  • Crude Oil

    83.44
    -0.44 (-0.52%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     
  • Jakarta Composite Index

    7,253.37
    +32.48 (+0.45%)
     
  • PSE Index

    6,492.75
    -14.74 (-0.23%)
     

Bangladesh's Summit LNG expected to resume operations in mid-July, says official

DHAKA, July 4 (Reuters) - The floating storage and regasification unit of Bangladesh's Summit LNG should resume operations in mid-July after it was damaged during a cyclone, a Petrobangla official said on Thursday.

The official said the unit is likely to resume operations by July 14-15. It was hit by cyclone Remal which brought gales and heavy rain to the coastlines of India and Bangladesh.

Summit LNG had earlier said the floating liquefied natural gas import terminal would proceed to Singapore or the Middle East for repairs. Shiptracking data from LSEG data shows that the vessel is currently moored in Singapore.

State-owned Petrobangla is tasked with importing LNG for Bangladesh, which relies on the fuel to meet power demand for its population of more than 170 million people.

ADVERTISEMENT

Petrobangla cancelled four spot cargoes scheduled for delivery from late May to around mid-June following the damage to the unit, which is one of Bangladesh's two floating LNG import terminals.

(Reporting by Ruma Paul in Dhaka, writing by Emily Chow; editing by Miral Fahmy)