Bahrain’s first liquefied natural gas (LNG) regasification terminal is now expected to start operations by year-end, Teekay LNG Partners said in its quarterly financial results, later than initially expected.
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Teekay, which owns a share in the terminal, did not mention the reason for the delay. Chief Executive Mark Kremin said “good progress” had been made on the terminal, however, with the start-up now expected before end of the year.
Other shareholders include the National Oil and Gas Authority (NOGA) of Bahrain, Samsung Construction and Trading and the Gulf Investment Corp.
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