Bahrain requires a flexible scaleable solution for the import of LNG to Bahrain.

The Bahraini government has therefore reached out to companies with proven LNG expertise, in the form of a formal tender to obtain the best solution for Bahrain to meet this requirement. This will include the transportation of LNG and the construction, operation and management of an LNG import terminal.

I.M. Skaugen SE (IMS), is one of the companies that has tendered for the Bahrain LNG import project.

Under the name Bahrain LNG, the IMS Group of companies has pooled its extensive experience in the transport, transfer, storage and re-gasification of LNG – offering a flexible, scalable and cost effective solution for the benefit of Bahrain.

I.M. Skaugen SE is a marine transportation service company engaged in the transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer of crude oil and LNG, as well as design and construction of smaller, specialized high quality vessels. We are listed on the Oslo Stock Exchange under the ticker code, IMSK.

IMS employs approximately 2.000 people around the world and currently operates about 41 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG carriers, Aframax tankers and lightering support vessels, barges and tugs.

Through SPT the company has over 31 years of experience in the transfer of oil and gas between ships at sea and terminals ashore, managing more than 850 transfers a year.

To sustain its economic growth, Bahrain will need more energy going forward. The preferred choice would be the most environmental friendly fossil fuel there is – natural gas – and it could be imported in the form of LNG – liquefied natural gas.

Natural gas is the fuel of the future. LNG (Liquefied Natural Gas) is gas cooled down to minus 162°C where the gas becomes liquid and thereby reducing its volume 600 times. In its liquid form as LNG, the gas is easy to both store and transport, either by ships or by trucks. Natural gas is the most environmentally friendly fuel with less CO2 emissions than any other fuel as well as generating no SOx emissions and greatly reducing other pollutants like NOx and particulates.

For further information on LNG please go to:http://en.wikipedia.org/wiki/Liquefied_natural_gas

Bahrain LNG is at the forefront of the LNG revolution and is committed to making Bahrain a leading centre for LNG development in the region. Under the watchwords "Best for Bahrain" Bahrain LNG will provide Bahrain with a simple but technically advanced delivery and transport solution to help Bahrain achieve its energy strategy set out in its Vision 2030 plan. The cornerstone of this philosophy is to build what Bahrain needs, as and when it needs it, providing an adaptable, cost effective and appropriate solution for Bahrain's energy requirements. Bahrain LNG will provide the terminal, transport and transfer of LNG safely and securely for the people of Bahrain.

Bahrain LNG's goal is to achieve as far as possible a total Bahrain solution. Our Goal is to achieve a Bahrain built, owned and fully managed terminal and logistics chain financed in Bahrain. We are fully committed to the training, professional and social development of our teams. To this end we will use Bahrain companies to build it, and Bahrainis to manage it. We will invest in the ongoing training of our people, to ensure that Bahrain secures a place at the forefront of the LNG world.