His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, this evening patronized the inauguration of the Central Gas Plant Three (CGP III) that coincides with the 40th anniversary of the establishment of Bahrain National Gas Company (BANAGAS), at its headquarters in Sakhir.
Upon arrival, accompanied by HH Shaikh Mohamed bin Salman bin Hamad Al Khalifa, HRH the Crown Prince was received by the Minister of Oil, HE Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa, and a number of senior officials.
During the ceremony, HRH the Crown Prince highlighted the Kingdom’s commitment to ensuring that the oil and gas sector continues to contribute to the Kingdom’s comprehensive development, led by His Majesty King Hamad.
HRH the Crown Prince noted that based on Bahrain’s Economic Vision 2030, and its guiding principles of sustainability, fairness and competitiveness, the Kingdom continues to ensure the long-term sustainability of its resources.
HRH the Crown Prince highlighted the significant achievements made in the Kingdom’s oil and gas sector, such as the discovery of the largest oil and gas basin, which contributes to the advancement of the sector and the establishment of various strategic projects such as the CGP III.
HRH the Crown Prince then congratulated BANAGAS on its 40th anniversary, and on the success of operating the new CGP III project.
HRH the Crown Prince noted that technological innovations is transforming the oil and gas sector, and will play a central role in increasing production efficiency.
HE the Minister of Oil then gave a speech in which he extended his gratitude to His Majesty King Hamad bin Isa Al Khalifa, the Prime Minister, His Royal Highness Prince Khalifa bin Salman Al Khalifa, and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, for supporting the oil and gas sector. HE also expressed his appreciation to HRH the Crown Prince for patronizing the inauguration of the CGP III and BANAGAS’s 40th anniversary celebration.
HE the Minister then noted the support provided by the company’s highly skilled national workforce that continues to support the company’s drive to become a global leader in the field of oil and gas, in addition to supporting the Kingdom’s development.
HE Shaikh Mohammed added that the CGP III - BANAGAS's largest industrial project - is consistent with the Kingdom’s comprehensive development, led by His Majesty King Hamad, and will facilitate private-sector led growth and further contribute to the optimal utilization of energy sources, in line with Bahrain’s Economic Vision 2030.
In November 2018, the CGP III plant started its operations by a highly skilled Bahraini workforce; where the first naphtha gas shipment was exported, weighing 23,000 metric tons, and 25,000 metric tons of liquefied gas. The CGP III plant is designed to accommodate 350 million cubic feet of additional gas available in the Bahrain Oil Field. The new plant will be able to extract 382 thousand metric tons per year from LPG liquids, which are propane, butane and naphtha, and re-compressing the injecting gas surplus in the field.