This analysis includes a comprehensive Bahrain energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Institutions & Energy Policy
The Ministry of Electricity and Water Affairs supervises the electricity sector, renewables, and energy efficiency.
The Ministry of Oil and Environment regulates the oil and gas sector.
The Supreme Council for Environment oversees sustainable development and climate change related issues.
Nogaholding, the Oil and Gas Holding Company, which was the business and investment arm of NOGA, now operates under Bapco Energies.
Gas production remained stable from 2019 to 2022 (around 17 bcm in 2022); according to first estimates, production increased by 3.8% in 2023. It had previously increased by 11% in 2019 thanks to the improvement of existing fields and the commissioning by Banagas of a new gas production plant in 2018, which doubled the gas processing capacity.
In 2016, EWA published new tariffs following the Cabinet''s decision to reduce the subsidies for electricity and water. Tariffs for large consumers between 5MWh-250MWh/year and between 250-500MWh/year increased by 53% and 38%, respectively, to BHD2.9c/kWh (US$7.7c/kWh) in 2019, through regular annual increases.
Per capita energy consumption reached 11toe in 2022 (three times higher than the Middle East average and 6 times the global average), while electricity consumption per capita was 22 MWh (5 times the Middle East average and 7 times the global average), due to the aluminium sector.
In 2022, the country announced it was considering hiring consultants to help sell stakes in oil and gas assets to open the sector to foreign investments.
The Bahrain energy market data since 1990 and up to is included in the Excel file accompanying the Bahrain country report. It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
Electricity can be generated in two main ways: by harnessing the heat from burning fuels or nuclear reactions in the form of steam (thermal power) or by capturing the energy of natural forces such as the sun, wind or moving water.
Electricity production tends to closely match demand, which in turn is driven by economic and population growth and changes to the structure of the economy.
Unlike other energy commodities such as coal, oil and natural gas, electricity trade between countries is relatively limited as it is more technically complex and requires a direct cross-border interconnection. Such connections can help to balance out supply and demand across regions, which will be increasingly important as variable renewables like solar and wind make up a larger share of electricity generation.
Power generation, which includes electricity and heat, is one of the largest sources of CO2 emissions globally, primarily from the burning of fossil fuels like coal and natural gas in thermal power plants.
Growth in electricity demand has slowed down or even reversed in many advanced economies due to energy efficiency efforts and the shift towards less energy-intensive forms of economic activity, such as services. But it is still growing rapidly in many emerging market and developing countries, especially those where a significant fraction of the population still lacks access to electricity.
Electricity is primarily used for heating, cooling, lighting, cooking and to power devices, appliances and industrial equipment. Further electrification of end-uses, especially transportation, in conjunction with the decarbonisation of electricity generation, is an important pillar of clean energy transitions.
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