Norton Rose Fulbright has announced that it advised The National Oil and Gas Authority (NOGA) and The Oil & Gas Holding Company (nogaholding) on the development of the Bahrain LNG terminal project.
Norton Rose advised on both the onshore and offshore aspects including the development, construction and shipping aspects of the transaction. The LNG project was awarded to a consortium of Teekay LNG Partners, Samsung C&T and Gulf Investment Corp., advised by White & Case.
The LNG project will be located in Bahrain's Hidd industrial area. It will have an initial capacity of 400 million ft3/d, which could be expanded to double this capacity. The project will be owned and operated under a 20-year agreement starting 15 July 2018.
Nick Prowse, Partner, said: “This is a major strategic project for the Kingdom of Bahrain and the first LNG venture for the country. We are delighted to have been a part of this innovative project, helping to secure energy supply for the future of the country. We congratulate all involved.”
Joanne Emerson Taqi, Partner, added: “The LNG terminal will form a vital part of the energy infrastructure of Bahrain – it will give the country security of supply that it needs to meet its demand for natural gas to fuel large industrial projects and to generate power and water for the population.”
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11122015/norton-rose-advises-on-bahrain-lng-project-1753/