Basrah Gas Company
Basrah Gas Company (BGC) is an Iraqi joint venture established to fulfill Iraq’s energy strategy to further invest its natural gas resources and to achieve energy independence. BGC is also one of the largest gas flaring reduction projects in the world.
In 2013, BGC was established as a 25-year 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 a vital role in fulfilling Iraq’s energy strategy and economic diversification by gathering and treating associated natural gas from Rumaila, West Qurna 1 and Zubair (Licensing Round-1 oilfields), turning the otherwise flared gas into cleaner energy.
The dry gas produced by BGC feeds the power plants in south of Iraq producing electricity to more than three million and half Iraqi homes. In addition to dry gas, in 2016 BGC was able to produce LPG (cooking gas) to fulfil and exceed the domestic market needs, turning Iraq from a net importer to a net exporter of LPG as well as condensate – adding an additional revenue stream to the country. Today BGC provides more than 80% of Iraq’s LPG demand.