Teekay’s first LNG import terminal is full steam ahead
In late 2015, Teekay LNG Partners entered into a joint venture partnership with The National Oil & Gas Authority (NOGA) of Bahrain, Gulf Investment Corporation (GIC) and Samsung Construction and Trading (SCT) to form a company called Bahrain LNG (BLNG). The new venture has been contracted to deliver an LNG import terminal in Bahrain to NOGA, with a Commercial Start Date in 2019 for 20 years.
The terminal layout comprises of an offshore dual jetty and regasification module which is protected by a 600m long breakwater, a subsea pipeline to shore and onshore infrastructure to allow the gas to be delivered to the onshore delivery point. Teekay LNG Partners will provide the ‘Bahrain Spirit’ Floating Storage Unit (FSU) into the project, securing one of their DSME newbuilds on a long-term charter.
The Engineering, Procurement and Construction (EPC) Contract was awarded to GS Engineering and Construction (GSEC) in December 2015. Over the past 20 months, GSEC have been focused on the Engineering phase of the project, executed from their head office in Seoul, South Korea. Engineering is now over 90% complete. Earlier this year, construction work started on site in Bahrain and work activities have been steadily increasing.
Klaipeda remained the number one seaport in the Baltic countries in terms of container handling in January through July 2017, the port’s authority said, cites LETA/BNS. The Lithuanian port handled 256,100 TEUs during the seven months, up 2.4% from 250,000 in the same period last year. TEU traffic in Riga Freeport increase by 13.89% to 245,200 and Tallinn posted an 8% rise to 121,900 units. The Latvian port of Liepaja saw its TEU traffic double to 2,500 units. Annual TEU traffic via Klaipeda went up by 12.9% in 2016 compared with 2015 to reach 443,300 units.
Source: The Baltic Course
Hong Kong Observatory has issued a Tropical Cyclone Warning advising that at 9am HKT today (22 August), Tropical Storm Hato was estimated to be about 650 km east-southeast of Hong Kong (near 20.5 deg. N, 120.1 deg. E) and forecast to move west-northwest at about 25 km per hour towards the coast of Guangdong, intensifying gradually.
Tropical Storm Hato moved steadily on a more westerly track across Luzon Strait this morning. According to the present forecast track, it is expected to be closest to Hong Kong tomorrow morning (Wednesday 23 August) and may skirt within 100 km of the territory.
With Hato edging closer to the coast of Guangdong, local winds will strengthen significantly tonight and tomorrow morning. The local weather will deteriorate with heavy squally showers. Seas will be rough with swells. There may be flooding in low-lying areas tomorrow morning.
The Observatory will consider issuing the Strong Wind Signal No. 3 this evening. Members of the public should take all precautions against strong winds and flooding as early as possible.