Middle East Economic Survey
Gas Shortfall Preventing Alba $1.7bn Expansion Plan
Aluminium Bahrain (Alba) announced it has not secured sufficient gas supplies to proceed with its planned $1.7bn expansion project. The company needs to find alternative sources of electricity or form joint-ventures to generate power, said CEO Ahmad al-Naimi. Alba uses associated gas from Bahrains Awali oil field to power its smelter but domestic gas supplies are not sufficient to meet...