Marcopolis presents the Bahrain Report focused on the investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking sector, ICT, investments and more.
Developed in conjunction with Ext-Joom.com
The number one challenge for the industrial development in Bahrain competitiveness is the supply of cheap energy -- mainly cheap natural gas.
Dr. Mohamed Al Khalifa, Chief Executive of Banagas, discusses this important topic. "Alba uses it mainly for fuel although these days we supply Alba with, we are producing 300 million standard cubic feet, 220 million of which mostly goes to Alba, and then Bapco and Riffa power station. It goes to these three but the majority goes to Alba. The residual gas which would normally be out from Banagas represents almost 25% of Bahrain production. Bahrain produces natural gas in the amount of 1.2 to 1.5 billion standard cubic feet per day. We produce almost 25% of that. What we utilize is a very small quantity of the liquids," he explains.