Russia in Talks to Supply Gas to Bahrain

Russia could likely supply LNG to Bahrain with financing from Russia’s Vnesheconombank (VEB), the bank’s CEO Vladimir Dmitriyev, who chairs the Russian-Bahraini Business Council, told TASS news agency on Sunday.

“It might be either Gazprom or independent gas producers. Russian gas might compete successfully with all other suppliers,” Dmitriyev said.

Dmitriyev is currently in Bahrain as a member of the Russian delegation to a meeting with representatives of the governments and businessmen of the Gulf countries, TASS said.

With no indigenous supply source, Bahrain has been looking at gas supplies from Qatar and Iran but talks are complicated due to political contradictions.

Bahrain plans to open an LNG terminal in 2015, TASS said.

Vnesheconombank finances the Yamal-LNG project, whose shareholders are Russia’s Novatek, France’s Total and China’s CNPC.