Bahrain-based Arab Shipbuilding & Repair Yard (ASRY) has recently completed the construction of a boat landing platform that will ultimately form part of the new liquefied natural gas (LNG) terminal being developed in the kingdom.
Construction of the landing platform was carried out within the ASRY yard and was completed on schedule in 90 days.
Bahrain’s National Oil & Gas Authority (Noga) awarded Bahrain LNG the contract to develop the terminal in 2015.
Bahrain LNG is a consortium of US-based Teekay LNG Partners, South Korea’s Samsung C&T and Kuwaiti group Gulf Investment Corporation (GIC). Teekay owns a 30 per cent stake, and Samsung holds 20 per cent. Singapore-based equity investor GIC owns 20 per cent, with Nogaholding taking the remaining 30 per cent.
The total cost of the 800 million cubic feet a day LNG project is estimated to be $900m.
The privately-owned shipbuilder has said that the completion of the project has led to the company being approached for further projects related to the LNG terminal.
ASRY also recently completed a subsea section of a new wellhead platform for the state-owned Bahrain Petroleum Company and US oilfield serviced company Schlumberger, as part of its drive to make inroads into the regional offshore oil and gas fabrication sector.
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