Bahrain LNG start-up may slide into Q4: Teekay
The Gulf country’s first LNG import facility remains in commissioning
The Bahrain LNG terminal may not come online until the fourth quarter of this year, says Mark Kremin, CEO of shipping firm Teekay LNG, which owns 30pc of the project and 100pc of its floating storage unit (FSU).
"The FSU has been on hire all year," says Kremin, citing issues with the onshore terminal for delays to the project, which was initially slated to come online in early 2019. "Based on things with long lead times, we are still looking at a second half of the year event."
Pushed by an analyst on whether that means later than August or September, Kremin says that the commissioning process has introduced air, different types of gases and water into the facility, but it has not yet been tested with LNG. Thus, start-up "may slide into Q4".
Bahrain LNG will have a capacity of 800mn ft³/d (22.6mn m³/d) and is located in the kingdom's Hidd industrial area. Other shareholders in the project are operator Noga Holding, the investment and development arm of Bahrain's national oil and gas authority, with 30pc, and Japanese conglomerate Samsung and financial institution the Gulf Investment Corporation, both with 20pc.