Teekay LNG-Samsung-GIC Sign LNG Import Terminal Project in Bahrain

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Go back to Teekay LNG-Samsung-GIC Sign LNG Import Terminal Project in Bahrain

Teekay LNG Partners (TGP), Samsung C&T, GIC Enter Deal for LNG Receiving, Regassification Terminal in Bahrain

December 2, 2015 9:23 AM EST

Teekay LNG Partners (NYSE: TGP) Samsung C&T (Samsung) and Gulf Investment Corporation (GIC) executed with the Government of the Kingdom of Bahrain the project agreements for the development of an LNG receiving and regasification terminal in Bahrain. The project, to be developed on a BOOT (build, own, operate, transfer) basis, will be located in Hidd Industrial area of Bahrain and will help the Kingdom meet the increasing demand for gas supplies to satisfy its industrial and urban development.

The Oil and Gas Holding Company (Nogaholding) awarded the project to Teekay LNG-Samsung-GIC consortium following an... More