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    Bahrain Import Terminal to Start by Year-End

Summary

Teekay LNG Partners has a 30% share in the Bahrain LNG joint venture, which owns the terminal.

by: Shardul Sharma

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Natural Gas & LNG News, Middle East, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, Investments, News By Country, Bahrain

Bahrain Import Terminal to Start by Year-End

Bahrain LNG import and regasification terminal is expected to start operations by the end of the year, Teekay LNG Partners said in a statement November 13.

CEO Mark Kremin said the company is currently in the process of completing the last of its recent phase of growth projects and has “made good progress” on the Bahrain LNG import and regasification terminal project.  

The Bahrain LNG terminal layout comprises an offshore dual jetty and regasification module which is protected by a breakwater; a subsea pipeline to shore and onshore infrastructure to allow the gas to be delivered to the onshore delivery point; and the Bahrain Spirit floating storage unit (FSU), a newbuilding, owned and managed by Teekay LNG Partners on a long-term charter. The project start-up has already been delayed.

Teekay LNG Partners has a 30% share in the Bahrain LNG joint venture, which owns the terminal. National Oil and Gas Authority (NOGA) of Bahrain also owns 30% stake, Samsung Construction and Trading owns 16% and the Gulf Investment Corp owns 24%.