Bahrain’s first LNG regasification terminal is expected to commence operations before the end of the year, adding the Middle East country to the growing list of importers of LNG
Teekay LNG Partners, a partner in the joint venture that owns Bahrain LNG, made the disclosure during the release of its results for Q3 2019.
“We have made good progress and anticipate the start-up of the Bahrain regasification terminal before the end of the year,” said Teekay Gas Group president and chief executive Mark Kremin.
Teekay LNG has a 30% stake in the joint venture, Bahrain LNG, that will own the project. Other investors in the project are the National Oil and Gas Authority (NOGA) of Bahrain (30%), Samsung (20%) and Gulf Investment Corp (20%). The project is the first of its kind in the Middle East to be developed on a public-private partnership (PPP) scheme.
The project will comprise a floating storage unit (FSU), an offshore LNG receiving jetty and breakwater, an adjacent regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility, and an onshore nitrogen production facility.
Commencement of the time-charter in contract of the FSU Bahrain Spirit began in September 2018 in the Bahrain LNG joint venture ahead of the commencement of operations of the LNG receiving and regasification terminal in Bahrain.
The opening of the terminal would make Bahrain the 43rd country to import LNG.