Bahrain LNG, developer and owner of the kingdom’s first receiving and regasification terminal for liquefied natural gas (LNG), will start the construction work on its new terminal this month and complete it by 2019, according to a posting on its website.
On completion, the terminal will have a capacity of 800 million standard cubic ft per day and be operated under a 20-year agreement. It 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.
The project was awarded to the Teekay LNG-GIC-Samsung consortium by the National Oil & Gas Authority (NOGA) of Bahrain following an international competitive tendering process.
“The Bahrain LNG import terminal is a key component of our plans for the further expansion of the energy and related sectors of the Kingdom of Bahrain,” said Sheikh Mohamed bin Khalifa Al Khalifa, the Kingdom’s Minister of Oil, on this ambitious project.
The project is being developed to supplement local gas production in Bahrain and ensure capacity to meet peak seasonal gas demand and industrial growth. It will also enable the country to procure internationally-traded LNG on a competitive basis.
Bahrain LNG said the engineering, procurement and construction (EPC) contract was awarded to GS Engineering & Construction, while Teekay LNG was signed up for supply of the FSU which will be modified specifically for this project, through a 20-year time-charter agreement.
Bahrain LNG is jointly owned by the Oil and Gas Holding Company (NOGA holding) and a consortium consisting of Teekay LNG Partners, Gulf Investment Corporation (GIC) and Samsung C&T (Samsung).