Bahrain LNG terminal to start operations by year-end – Teekay

      Published on Friday, 15 November , 2019      358      
Bahrain LNG terminal to start operations by year-end – Teekay

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.

The start-up of the terminal had been delayed at least twice, with the last start-up date said to be in the third quarter of the year.

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.

Teekay has a 30% share in the Bahrain LNG joint venture, which owns the LNG receiving and regasification terminal under construction in Bahrain.

Other shareholders include the National Oil and Gas Authority (NOGA) of Bahrain, Samsung Construction and Trading and the Gulf Investment Corp.

Category Business | 2019/11/15 latest update at 6:14 PM
Source : Reuters | Photocredit : Google
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