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Cargotec unit MacGregor has secured a new contract from the Bangladesh-based Summit LNG Terminal for the fabrication, engineering and project management of a complete subsea mooring and riser system.

The new MacGregor system has been designed to serve as Summit’s floating storage and regasification unit (FSRU). In addition, it is scheduled to be delivered in the last quarter of next year.

MacGregor Advanced Offshore Solutions vice-president Høye Høyesen said: “We are happy to conclude this important contract, which closely covers the same scope as an earlier announced contract involving the collaboration of several trusted companies.

“We believe that, in addition to our experience in this field, the earlier contract convinced the customer to trust MacGregor, but it also appreciated our lengthy experience and innovative solutions developed together with Can Systems.”

“The FSRU will start operating on the site during the first quarter of 2019.”

Under the order, MacGregor will supply Flintstone mooring connectors for the FSRU, as well as perform project management for the fabrication, procurement and the complete subsea mooring and riser system.

The FSRU will start operating on the site during the first quarter of 2019.

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Summit LNG Terminal managing director ANM Tariqur Rashid said: “We are convinced about MacGregor’s ability to successfully carry out this demanding project with its experience in providing innovative subsea mooring and riser system solutions as well as managing demanding projects.”

The contract is expected to support Summit LNG Terminal’s project to develop Bangladesh’s power-supply infrastructure.