Completion of Kuwait’s Al-Zour liquefied natural gas (LNG) importing terminal is said to be late by a quarter, with commissioning expected next year.
Citing two unnamed sources familiar with the project, Bloomberg reported this week the project is to be finalized in March. One of the people said the government is yet to decide whether it will maintain the Golar Igloo after the terminal starts operations.
The floating storage and regasification unit (FSRU) vessel is chartered to Kuwait National Petroleum Company until the end of 2021. It has capacity to import 5.8 million tonnes per annum (Mtpa) of LNG.
The Al-Zour project is set to be the biggest LNG receiving terminal in the Middle East, with an estimated cost of $2.93 billion. The facility will feature eight storage LNG tanks, located in Al-Zour, 90km south of capital Kuwait City.
South Korea’s Hyundai was awarded a contract to build the project in 2016, and at the time estimated construction would take 58 months. Completion was scheduled for 2020, Kallanish Energy notes.
Also according to Bloomberg’s sources, state-owned KIPIC is to select an operator for the project within “coming weeks.” So far, Greece’s Desfa is said to be the only firm bidding for the five-year job.
The companies didn’t comment on the matter.
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