Bahrain, Chevron Sign Gas Study Deal

Bahrain's state-owned Oil and Gas Holding Co (Nogaholding) announced on November 26 it had signed an joint study agreement with Chevron on evaluating the kingdom's future gas demand and identifying potential sources of supply to meet it.

The deal also supports developing a future supply chain for Bahrain's sole LNG terminal, which was completed early this year but is yet to start receiving commercial cargoes. Bahrain, which consumes more gas than it produces, is also looking to expand its pipeline connections with other Gulf states.

In addition, Nogaholding signed a memorandum of understanding on November 26 with US firm Air Products on developing a hydrogen economy in the kingdom.