[Bahrain] Bahrain LNG

[escveritas]

27 January 2020

Bahrain LNG Import Terminal Achieves Construction Completion

Bahrain LNG W.L.L., the developer and owner of the first LNG receiving and regasification terminal in the Middle East developed on a PPP basis (the “Terminal”), is pleased to announce that it has completed the mechanical construction and commissioning of the Terminal located in the Kingdom of Bahrain. The customer is paying Bahrain LNG W.L.L. as of completion and is sending out the last of the commissioning cargo so that the FSU Bahrain Spirit can redeploy on short‐term trade as intended. Most of the construction and commissioning contractors were able to be demobilized accordingly.

His Excellency Shaikh Mohamed bin Khalifa Al‐Khalifa, Minister of Oil of the Kingdom of Bahrain, commented: “The achievement of Construction Completion for the Bahrain LNG receiving and regasification terminal is a critical milestone for this project which is of strategic importance to the energy sector of the Kingdom of Bahrain. We sincerely congratulate all Parties involved in this tremendous achievement, and we look forward to the upcoming commencement of commercial operations in order to secure regasification services to the Kingdom of Bahrain.”

Bahrain LNG W.L.L. is jointly owned by the Oil and Gas Holding Company and a consortium consisting of Teekay LNG Operating L.L.C., Gulf Investment Corporation and Samsung C&T Corporation.

The Terminal comprises of a Floating Storage Unit, 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.

About Bahrain LNG

Bahrain LNG was established in December 2015. Bahrain LNG owns and operates an offshore LNG terminal where liquefied natural gas is received, stored. Onshore Bahrain LNG has a receiving facility which is capable of producing up to 1,100 tonnes of Nitrogen per day.

The Bahrain LNG facility has a receiving and storage capacity of 173,400 cbm, and a regasification capacity of up to 800 mmscfd.

LNG carriers supply LNG to the terminal which is received and stored on the Seapeak Bahrain which acts as a Floating Storage Unit (FSU). The FSU is permanently moored at the offshore terminal.

The regasification of the LNG is done on the offshore regasification platform using Open Rack Vapourisers, with the gas being transported to the onshore receiving facility through a subsea pipeline.

Onshore the regasified LNG is mixed with nitrogen to make it compatible with the Bahrain gas network and is then transported through another pipeline to the gas delivery point at the Hidd Metering Station.