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Bahrain signs agreement with Hess to establish gas terminal

Dubai: Bahrain has signed a memorandum of understanding with US firm Hess Corporation for the establishment of a liquefied natural gas (LNG) import terminal in the kingdom.

The step has been taken by the National Oil and Gas Authority (Noga).Oil and Gas Affairs Minister and Noga chairman Dr Abdulhussain Mirza signed a memorandum of understanding (MoU) with HESS LNG president and chief executive officer Gordon Shearer.

"The signing ceremony is symbolic of the real and necessary partnership Noga is establishing in its quest to meet the true challenge of its ultimate goal of securing the necessary energy to fuel the economic growth and prosperity of the kingdom," said Dr Mirza.

"Energy security is a key goal that is fully subscribed to and is in the forethought of the leadership of the kingdom." [21/10/08]

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