Commenting on the project in the firm’s Q1 2019 financial statements, chief executive officer of Teekay Gas Group, Mark Kremin, said: “We anticipate [the projects] will continue to drive further growth in total adjusted Ebitda throughout the rest of 2019 and into 2020."Despite the near-term weakness in the spot LNG carrier market since the start of the year, we have recently been able to take advantage of the improving medium-term fundamentals by securing multiple attractive charters on our LNG carriers for periods ranging from one to three years."
Belgium-headquartered engineering company Besix has previously completed the design and construction of an of an LNG jetty on drilled and grouted pin piles, with a maximum length of 55m. at the Bahrain LNG Import Terminal.
This article originally appeared on Construction Week Online