The first liquefied natural gas (LNG) regasification terminal in Bahrain is expected to commence operations by the end of 2019, according to the quarterly financial results of Teekay LNG Partners, Reuters reported.
The date specified to start up the terminal has been delayed at least twice, and the last date announced is in Q3 2019.
Teekay, a share owner in the terminal, did not mention the reasons of that delay. However, “good progress” has been made in the terminal, according to Mark Kremin, Teekay CEO.
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 FSU, the Bahrain Spirit, is now anchored in Bahrain anchorage, according to Refinitiv ship tracking data.
It is worth noting that Teekay holds a 30% share in the Bahrain LNG joint venture (JV), the owner of the LNG receiving and regasification terminal under construction in Bahrain. Other shareholders are Bahrain’s National Oil and Gas Authority (NOGA), Samsung Construction and Trading, and the Gulf Investment Corporation.