Bloomberg News

Bahrain to Award LNG Terminal Contract by the End of 2012

March 12, 2012

Bahrain will award a tender to build a liquefied natural gas import terminal by the end of this year, the nation’s oil minister said.

The Gulf state plans to import 400 million cubic feet of natural gas, Abdul Hussain Mirza said today in an interview in Kuwait at a meeting of the International Energy Forum, adding that the country was producing 1.5 billion cubic feet of the fuel. He didn’t specify a timeframe for the imports.

The nation plans to expand a crude pipeline from Saudi Arabia to Bahrain by 120,000 barrels a day to 350,000 barrels. The facility, estimated to cost an initial $350 million, will be built by 2014, Mirza said. Extra oil volumes from the link will be used in the local refinery, which will also be upgraded.

To contact the reporter on this story: Wael Mahdi in Cairo at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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