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Bahrain Inaugurates First LNG Terminal

Bahrain’s completes its first LNG regasification terminal.
Bahrain’s completes its first LNG regasification terminal.
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Bahrain Inaugurates First LNG Terminal

Bahrain’s completes its first LNG regasification terminal.
Bahrain’s completes its first LNG regasification terminal.

Bahrain’s first liquefied natural gas (LNG) regasification terminal has been completed, Oil Minister Sheikh Mohamed Al Khalifa announced on Sunday.

It houses a floating storage unit (FSU), an offshore LNG receiving jetty and breakwater, a regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility and an onshore nitrogen production facility.

The Kingdom may not need to import LNG after the reserves that have been recently explored in the Gulf of Bahrain field, Al Khalifa announced.

He revealed serious talks with the Gulf Cooperation Council, especially Saudi Arabia, to establish a network of gas pipelines to link Bahrain to the rest of the Gulf states.

This step will have positively impact the expansion of oil and industrial projects in Bahrain, he stressed during an online interview hosted by the US Chamber of Commerce in Bahrain to discuss the latest developments in Bahrain’s oil sector, in light of the global coronavirus outbreak.

He stressed Bahrain’s keenness to boost cooperation in this field with various partners to exchange ideas and expertise and learn about the latest developments in modern technologies to develop the oil, gas and energy sector in the Kingdom.

Al Khalifa said the pandemic has led to an unprecedented decrease in oil demand, leading to concern in the oil industry and development projects.

“On this basis, the Organization of Petroleum Exporting Countries (OPEC) adopted decisions during its last meeting in March to reduce oil production by 10 million barrels per day from May 1, for an initial period of two months.”

He expressed hope that the global pandemic will soon recede and the economy will flourish again.

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Saudi Ports Authority Signs $53 Million Deal to Establish Logistics Zone at Dammam Port

Mazen bin Ahmed Al-Turki, Acting President of the Saudi Ports Authority (Mawani), and Ali Sultan Al-Qahtani, Chairman of Sultan Logistics, during the signing of the agreement. (Mawani)
Mazen bin Ahmed Al-Turki, Acting President of the Saudi Ports Authority (Mawani), and Ali Sultan Al-Qahtani, Chairman of Sultan Logistics, during the signing of the agreement. (Mawani)
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Saudi Ports Authority Signs $53 Million Deal to Establish Logistics Zone at Dammam Port

Mazen bin Ahmed Al-Turki, Acting President of the Saudi Ports Authority (Mawani), and Ali Sultan Al-Qahtani, Chairman of Sultan Logistics, during the signing of the agreement. (Mawani)
Mazen bin Ahmed Al-Turki, Acting President of the Saudi Ports Authority (Mawani), and Ali Sultan Al-Qahtani, Chairman of Sultan Logistics, during the signing of the agreement. (Mawani)

Saudi Arabia’s Ports Authority (Mawani) signed an agreement with Sultan Logistics to develop a new logistics zone at King Abdulaziz Port in Dammam, in the eastern region of the Kingdom. The investment is valued at SAR 200 million ($53.3 million) and will cover a total area of 197,000 square meters.

The contract was signed by Mawani’s Acting President Mazen bin Ahmed Al-Turki and Sultan Logistics Chairman Ali Sultan Al-Qahtani in the presence of several officials.

The new zone will include 35,000 square meters of warehousing space, administrative offices, and a designated yard for storing and maintaining both dry and refrigerated containers. It will also feature a re-export area, aiming to boost the port’s operational efficiency and the quality of logistics services provided.

The project is part of Mawani’s broader initiatives aligned with the goals of the National Transport and Logistics Strategy, which aims to develop logistics zones both inside and outside the Kingdom’s ports. These efforts support Saudi Arabia’s ambition to become a global logistics hub and to offer high-efficiency services in line with the nation’s Vision 2030 development roadmap.

The logistics zone at King Abdulaziz Port is expected to boost the port’s competitiveness by offering specialized logistics services, increasing the private sector’s contribution to economic development, and furthering economic diversification.

The year 2024 has already seen the launch or groundbreaking of eight logistics zones and centers across the Kingdom, with a total private sector investment of approximately SAR 2.9 billion ($773 million). These zones are part of a broader logistics infrastructure development plan involving over SAR 10 billion ($2.66 billion) in investments across 20 logistics zones overseen by Mawani.

Among the key milestones was the opening of Maersk’s largest global logistics investment at Jeddah Islamic Port—an expansive facility worth SAR 1.3 billion ($346.5 million) covering 225,000 square meters.