LNG

Bahrain prepares to tap LNG market for first delivery

Bahrain will turn to the spot market to supply its upcoming LNG project, which is due to be completed soon Bahrain will turn to the spot market to supply its upcoming LNG project, which is due to be completed soon.
By Verity Ratcliffe 2 October 2018 0 32745
The British Innovator LNG tanker. (©BP plc)

Bahrain plans to approach the LNG market to secure its first cargo within the next few weeks, a Nogaholding official has told Interfax Natural Gas Daily. The commissioning cargo will be delivered to an FSRU off the coast of Muharraq Island at the end of January or beginning of February, he said. 

Nogaholding, the company responsible for sourcing LNG for Bahrain’s forthcoming FSRU, has signed several master sales-and-purchase agreements (MSPAs) with IOCs. The MSPA framework agreement sets out the terms for buying and selling LNG without...