In the short term actual and planned LNG importers Kuwait, Bahrain and the UAE are competing for a tight global supply of LNG floating storage and regasification units (FSRUs).
Kuwait National Petroleum Company (KNPC) is tendering a new contract for 500 cfd to replace the existing one of the same size (see p10). Nogaholding, the investment arm of Bahrain’s National Oil and Gas Authority (NOGA), is set to award a license this month to build a much-delayed 500mn cfd LNG import terminal at a cost of more than $500mn. However, ongoing technical analyses may push back the award date further. (CONTINUED - 1054 WORDS)