Monday, 25 October 2010

Bahrain set to open $600 mln LNG terminal tender

Non-OPEC producer Bahrain has almost finalised a tender inviting companies
to build a $600 million liquefied natural gas (LNG) terminal, an executive
from the Bahrain Petroleum Company (BAPCO) said on Monday.

"The RFP (request for proposals) will be out today or tomorrow," Essa
al-Ansari, general manager at Bapco for major engineering projects told
reporters on the sidelines of a conference.

He said it would take the 14 international oil firms that are qualified to
bid around 16 weeks to submit their final offers.

The terminal would cost at least $600 million, Ansari said, with a capacity
of 400 million cubic feet per day (cfd), which may be expanded to 800
million cfd.

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