Gazprom, Nogaholding to cooperate in LNG

Gazprom and Nogaholding of Bahrain have signed a memorandum of understanding to cooperate in liquefied natural gas.

Nogaholding is the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA).

In December, Nogaholding and NOGA signed project agreements for an LNG regasification terminal in the Hidd industrial area of Bahrain with a consortium of Teekay LNG Partners, Samsung C&T, and Gulf Investment Cooperation.

The terminal is to be owned and operated by Bahrain LNG WLL, a joint venture of Nogaholding (30%) and the Teekay-Samsung-GIC group (70%).

Initial capacity is to be 400 MMscfd. A doubling of capacity is possible.

The project will include a floating storage unit, offshore LNG receiving jetty and breakwater, an adjacent regas platform, pipelines from the platform to shore, an onshore receiving facility, and an onshore nitrogen production facility.

GS Engineering & Construction has the engineering, procurement, and construction contract.

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