Gazprom Wants to Turn Bahrain Into A Gas Hub

3 May 2016   Bahrain, LNG, Russia

Russian state-owned oil and gas giant Gazprom is currently working out the matter of creating a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to intake LNG from various sources, including Russia. The news was announced by Saint Petersburg’s Regional Governor, Georgiy Poltavchenko, following a visit of the region’s delegation to Bahrain. Russia is currently negotiating the possibilities of LNG deliveries to the island nation in the Persian Gulf, with possible financing provided by Russia’s Vnesheconombank (VEB). The possibility of Russian independent natural gas producers has also been taken into consideration. Various instrument and equipment manufacturers from the Saint Petersburg region could also partake in the project. The exact volume of LNG deliveries is hard to evaluate at the moment; according to preliminary estimates, it could amount to several billion cubic meters annually. Bahrain’s own natural gas stock is limited and the country is […]

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