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Bahrain has long been considering adding LNG imports to its energy mix, and on 12 December finalized arrangements for a $742mn loan to fund an import terminal. Bahrain LNG – a joint venture of state entity Nogaholding 30%, Bermuda-registered Teekay 30%, South Korea’s Samsung 20% and Kuwait-based Gulf Investment Corp (GIC) 20% – last year awarded South Korean firm GS Engineering & Construction a $655mn engineering, procurement and construction (EPC) contract to build the terminal.
The LNG facilities will have a capacity of 800mn cfd, up from an originally conceived 400mn cfd. Bahrain LNG confirms the facility 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.”
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