Commonwealth Liquefied Natural Gas (LNG) has signed a memorandum of understanding (MOU) to supply Summit Oil and Shipping Co. Ltd. (SOSCL) with 1 million metric tons/year (mmty) of the super-chilled fuel for a term of 20 years from its proposed export terminal in Cameron, LA. 

Part of the Summit Group, SOSCL is the largest private sector importer of fuel oil to Bangladesh. The MOU would also open the door for Commonwealth and Summit to collaborate on supplying LNG throughout Asia. 

“We look forward to having Commonwealth LNG as a partner that can deliver U.S.-sourced LNG, providing diversification of supply for Bangladesh and the pricing stability associated with Henry Hub,” said Summit Group Vice Chairman Farid Khan. 

Summit’s affiliates have 3 GW of gas-to-power...