Bahrain is exploring ways to export its reserves of LNG to international markets, according to a statement from Nasser bin Hamad Al Khalifa, Chairman of Bahrain’s energy investment and development arm Nogaholding, at CeraWeek. The kingdom is studying the possibility of constructing a floating liquefied natural gas (FLNG) facility to export gas in order to capture strong international demand.
Khalifa says: ‘Floating LNG is difficult to get right now because demand is so high, but my team is approaching a solution for that. It is a world of opportunity for us to explore with partners.’
Bahrain produces around 2bcf per day of gas which is used to generate electricity and power its refinery and industry. It is also exploring deep gas formations and will carry out a 3D seismic survey later this year. Khalifa adds: ‘Bahrain is also investing $7 billion (€6.6 billion) to expand its Bapco refinery to increase output to 400,000 bpd from 267,000 bpd.’
