Bahrain LNG Plans

Bahrain’s National Oil and Gas Authority (NOGA) and its investment unit Nogaholding have signed deals with Bermuda-registered Teekay LNG, Korea’s Samsung C&T and Kuwait-based Gulf Investment Corp (GIC), for development of an LNG import terminal in Bahrain. Nogaholding says the project involves a floating storage unit (FSU), an offshore receiving jetty and breakwater, an adjacent regasification platform, subsea gas pipelines from platform to shore, and an onshore gas receiving facility. The terminal will have capacity to import 400mn cfd of gas, expandable to 800mn cfd. It will be owned and operated for 20 years from July 2018 by the Bahrain LNG JV: Nogaholding 30%, Teekay 30%, Samsung 20% and GIC 20%. (CONTINUED - 384 WORDS)