Aug 1 (LNGJ) - Fleet owner Teekay LNG said it was looking forward to second-half revenues from Bahrain LNG import operations in the Gulf from its stake in the project and its 20-charter agreement for the 173,000 cubic metres capacity “Bahrain Spirit” floating storage unit (FSU).
Bahrain's first LNG terminal is near the existing breakwater at the Khalifa Bin Salman Port. It includes the FSU provided by Teekay and a regasification platform. The project is owned by four companies, including the Gulf state’s National Oil & Gas Authority, Teekay, South Korea’s Samsung C&T and the Gulf Investment Corp.
Mark Kremin, Teekay Gas Group President and Chief Executive, said he expected financial results for the second half of 2019 to improve with new charters, the delivery of another three 50 percent-owned newbuilds for the Yamal LNG project in Russia and the start-up of the Bahrain LNG regasification terminal.
