Gas Sector in Bahrain: Major Challenge for the Industry in Bahrain
The number one challenge for the industrial development in Bahrain competitiveness is the supply of cheap energy — mainly cheap natural gas.
imported 2024-03-17 17:43:07
The number one challenge for the industrial development in Bahrain competitiveness is the supply of cheap energy — mainly cheap natural gas.
Due to limited supply of gas in the Kingdom of Bahrain plans are underway to build a LNG terminal to reduce the Kingdom’s dependency on the local production and to capitalize on the international markets and gas prices.
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.
There has been significant downstream, upstream, and midstream development in Bahrain, such as Tatweer Petroleum drilling 15-18 new wells in Khuff Formation to increase the gas production of the Kindom, increased offshore exploration, the upgrading of Bapco refinery, and a planned US$ 20 billion investment into major oil and gas project. Dr. Mohamed Al Khalifa, Chief Executive of Banagas, discusses these recent developments in the oil and gas sector in Bahrain.
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