Bahrain LNG import terminal progresses
01 July 2017
Bahrain’s permanent LNG import terminal is due for commissioning in 2019, according to a report by Arab Petroleum Investments Corporation (Apicorp).
The 4.1-billion-cu-m-per-annum (bcma) facility is a microcosm of the shifting trends in the gas demand supply dynamics, particularly in the Middle East, demonstrating the region’s commitment to tackle energy security at a time when supplies are struggling to keep pace with growing demand, added the report entitled “Bahrain LNG: a game changer for the kingdom”, in the June issue of Apicorp Energy Research.
Consisting of a floating storage unit (FSU), it offers the kingdom the flexibility to cater to seasonal demand and the option to re-export to regional demand centres.
Bahrain LNG is being developed on a public-private partnership (PPP) basis, including a combination of equity and debt through a consortium of regional and international banks, representing a shift away from traditional government funding methods.
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