LNG terminal to start operations by year-end

Bahrain’s first liquefied natural gas (LNG) regasification terminal, developed on a build, own, operate and transfer basis, reportedly will begin functioning towards the end this year. The start of the operations, later than initially expected, was delayed twice with the last start-up date said to be in the third quarter of the year.

The development was revealed in by Teekay LNG Partners in its quarterly financial results. The project owned and operated through a new joint venture, Bahrain LNG W.L.L., is owned by nogaholding (30pc), Teekay LNG (30pc), Samsung (20pc) and GIC (20pc) and is the first of its kind in the Middle East to be developed on a public-private partnership (PPP) scheme.

Chief Executive Mark Kremin said, “good progress” had been made on the terminal, however, with the start-up now expected before the end of the year. The terminal will house a floating storage unit (FSU), an offshore LNG receiving jetty and breakwater, a regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility, and an onshore nitrogen production facility, according to the Bahrain LNG website.

The project will have a capacity of 800 million standard cubic feet per day. The FSU, the Bahrain Spirit, is currently anchored in Bahrain anchorage, Refinitiv ship-tracking data showed.