Media Release – 30 September, 2021
(Dhaka) 30 September 2021, Thursday: Md Quamruzzaman, former Director, Petrobangla and Managing Director at Rupantarita Prakritik Gas Company Limited (RPGCL), has joined Summit Group as Advisor. He was also Managing Director at two other Petrobangla companies. During his distinguished tenure of 40 years in Petrobangla, he also worked in Gas Transmission Company Ltd (GTCL) and Pashchimanchal Gas Co Ltd (PGCL). Quamruzzaman had led the team that implemented Bangladesh’s first Floating Storage and Regasification Unit (FSRU) and land-based terminal. An alumnus of Mechanical Engineering of BUET, he later completed another undergraduate degree from the University of Salford, UK on gas engineering and masters in technology management from University of Stirling, UK.
On his appointment as the Advisor of Summit Group, Md Quamruzzaman said, “Summit is a trailblazer in the power and energy sector in Bangladesh. More recently, Summit has prudently signed an agreement with USA’s Commonwealth LNG for one million tonnes per year (MTPA) of LNG offtake. I am looking forward to working on clean energy solutions for the nation.”
About Summit Group: Summit Oil and Shipping Co. Ltd. (“SOSCL”), the first and largest private sector importer and supplier of fuel oil in Bangladesh. In August 2021, SOSCL signed a Memorandum of Understanding (MOU) with Commonwealth LNG to collaborate in the supply of LNG to Asia, including Bangladesh in the presence of Dr. Tawfiq-e-Elahi Chowdhury, BB, the Honourable Energy Advisor to the Prime Minister of Bangladesh, at the Bangladesh Embassy in Washington, D.C. 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. SOSCL’s associated companies within Summit Group have approximately 3 GW of gas-to-power electricity in operation or development within the Indian subcontinent, and operate a 500 mmcf/d Floating Storage and Regasification Unit (FSRU) and LNG terminal under Summit LNG Terminal Co (Pvt) Ltd (“SLNG”) in Moheshkhali, Cox’s Bazar, Bangladesh.