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Home GCC Bahrain Value of completed projects creeps higher as Bahrain focuses on gas

Value of completed projects creeps higher as Bahrain focuses on gas

05 February 2019 8:30 AM By

LNG

The closing date for entries to the MEED Projects Awards 2019 in association with Mashreq is nearly upon us, so it is a good time to look at trends highlighted by this year’s awards

The total value of projects completed crept higher in Bahrain in 2018, with developments worth $3.9bn being commissioned, up 10 per cent from $3.6bn in 2017.

The biggest two projects completed in 2018 were both gas projects – and come as the nation focuses on developing new natural gas resources.

Bahrain announced the discovery of the Khaleej al-Bahrain field, a major new shale oil and tight gas resource basin off the western coast, last year, which could hold more than 80 billion barrels of shale oil in place, along with 20 trillion cubic feet of gas.

The biggest project completed in 2018 was Bahrain LNG’s gas import terminal, which had a budget of $900m.

The initial capacity of the re-gasification terminal is about 14 million cubic metres a day (cm/d) with the potential to rise to 22 million cm/d depending on the long-term energy needs of the kingdom’s industrial sector.

The 10 biggest projects completed in Bahrain in 2017-18
Project Project sponsor Sector Value ($m)
LNG import terminal Bahrain LNG Gas 900
Bahrain gas plant (BGP 3) Banagas Gas 600
Sitra sewerage network Ministry of Works Transport 300
Wyndham Garden Manama Mannai Holding Construction 200
Bahrain northern link road (BNLR) & supporting links Ministry of Works Transport 200
Al-Madina al-Shamaliya: island 13 Ministry of Housing Construction 164
Al-Madina al-Shamaliya: island 14 Ministry of Housing Construction 162
The Avenues (phase 1) King Faisal Corniche Development Company Construction 159
AB pipeline project: package 3 Bapco/Saudi Aramco Oil 150
AB pipeline project: package 2 Bapco/Saudi Aramco Oil 150
Source: MEED Projects

The second biggest was the Banagas Bahrain gas plant 3 project, which had a budget of $600m.

The project was developed to process associated gas from the Bahrain oil field and was executed by the South Korean engineering, procurement and construction company GS Engineering & Construction.

Other major projects completed in 2018 included a $162m package of the Al-Madina al-Shamaliya residential development and a $150m package that forms part of the AB pipeline project, which is being developed by Saudi Aramco and Bapco.

The MEED Projects Awards 2019 in association with Mashreq recognise the best projects in the GCC. Reflecting the latest market trends, this year’s awards feature 17 different categories for entries. If you have been involved in a project completed in 2017 or 2018 that you believe deserves to be recognised, you can submit your entry at: MEED Projects Awards 2019.

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