Banagas: Major Investments into Capacity

Banagas is planning a major expansion as a part of US$ 20 billion investment plan to raise the profile of the oil and gas sector in Bahrain over the next 20 years.

Dr. Mohamed Al Khalifa, Chief Executive of Banagas, comments on the investment plan for Banagas: “Now hopefully if we get a greater associated gas supply, we are thinking of building another train. We already have two trains and would like to build a third train for utilization of this gas. This would be the largest project for us.” 

He goes on to explain other projects such as de-bottling stations: “This is actually two projects and they are small to medium scale. So both of these two projects are worth 60 million US dollars so about 42 to 43 million US dollars will go toward building a new gas compressor station. We have seven stations and now we are building another one. The idea behind this is just to utilize whatever gas is in the field. The other side is to increase the capacity of the plant, modernization of the plant also vie the de-bottling project , and this is a cost of 15.4 million US dollars.” 

However, all the expansion plans hang on the ability of Tatweer to successfully increase the gas supply by 150 million standard cubic feet per day. “So if we have that quantity, we will work on building train three and again that will take a couple of years to accomplish. The initial study indicated an amount of 200 to 300 million US dollars for train three, of course with other facilities and so on. This could be either a joint venture, operated by Tatweer itself or by Banagas. The greater focus is to have the gas available by that time,” adds Al Khalifa.