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    Bahrain LNG Import Terminal Complete

Summary

Teekay LNG Partners has a 30% share in the Bahrain LNG joint venture.

by: Shardul Sharma

Posted in:

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

Bahrain LNG Import Terminal Complete

Bahrain LNG, the developer and owner of the LNG receiving and regasification terminal in Bahrain, January 27 announced that it has completed the mechanical construction and commissioning of the terminal.

The customer is paying Bahrain LNG as of completion and is sending out the last of the commissioning cargo so that the floating storage unit Bahrain Spirit can redeploy on short‐term trade as intended, it said.

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, a newbuilding, owned and managed by Teekay LNG Partners on a long-term charter. 

Teekay LNG Partners has a 30% share in the Bahrain LNG joint venture. 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%.