Dhaka, July 11 -- Summit has appointed Md Sayedul Alam as the new Managing Director and Chief Executive Officer (CEO) of Summit LNG Terminal Co. (Pvt.) Ltd, says a statement.

Summit LNG (SLNG) is Bangladesh's second Floating Storage and Regasification Unit (FSRU), with a capacity to regasify 500 million standard cubic feet per day (mmcfd) and store 138,000 cubic metres of LNG. It is a joint venture between Summit and Mitsubishi Corporation, with lead financing from Sumitomo Mitsui Banking Corporation (SMBC).

Since 2018, Mr. Alam has been instrumental in the success of the SLNG project. As Project Director, he led the development and commissioning of the offshore terminal in Moheshkhali, Cox's Bazar, working alongside engineering and mar...