Basrah Gas Company
Basrah Gas Company is an Iraqi joint venture established between the Iraqi Government, Shell and Mitsubishi to fulfill Iraq’s strategy of energy independence and further investment in its natural gas resources. BGC is one of the largest flare reduction projects in the world and has turned Iraq form a net importer to a net exporter of LPG in record time. BGC is a living example of what good partnerships can bring to Iraq’s current and future generations.
In 2013, Basrah Gas Company (BGC) was established as a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51%, Shell 44% and Mitsubishi Corporation 5%. As the main gas processing hub in Iraq, BGC plays its role in fulfilling Iraq’s strategy of energy independence and economic diversification through exports by capturing currently flared gas from three field Rumaila, West Qurna 1 and Zubair.
In December 2018 BGC reached a peak production rate of 1035mmscf/d, the highest in Iraq’s history. This is enough gas to generate approximately 3.5 GW of electricity - enough to power three million homes. BGC currently supplies 70% of Iraq’s LPG, and through expansion of its export capabilities, has helped turn Iraq from a net importer to a net exporter of LPG since 2017.
in February 2019, BGC and CitiBank signed a first credit agreement – the first commercial loan extended by CitiBank to an Iraqi corporate entity, showcasing the increasing ability of well-run Iraqi companies to attract foreign investment.
BGC is one of the largest flare reduction projects in the world.
More about Shell in Iraq
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