Qatargas aiming to raise capacity of LNG plant

Nov 15, 1999 01:00 AM

Qatar Liquefied Gas Co. (Qatargas) is aiming to raise the capacity of its plant by nearly a third to 8.4 mm tpy, the MEES reported. "Qatargas has tested its facilities to produce LNG at a capacity of 8.4 mm tpy compared to the original nameplate capacity of 6.4 mm tpy," MEES said.
The expansion will require "minimum new investments" since the plant was designed for extra capacity and the expansion project is expected to be completed by the end of 2002, the Nicosia-based weekly said. The extra capacity will enable Qatargas to "start marketing efforts to sell additional quantities on long-term contracts." Qatargas already has two 25-year contracts covering a total of 6 mm tpy, one with Japan's Chubu Electric Power Co. and one with seven smaller Japanese power and gas firms.
Qatar's Energy Minister Abdullah al-Attiya said his country hoped to raise LNG exports to South Korea and Japan.
Qatar's Ras Laffan LNG Co. (RasGas) sent its first shipment of LNG to South Korea in August as part of a massive long-term contract that will eventually reach a rate of 4.8 mm tpy.

Qatargas' shareholders are state-owned Qatar General Petroleum Co. (QGPC) with 65 %, France's Total with 20 %, Mobil with 10 % and Japan's Mitsui and Marubeni with 7.5 % each.
RasGas, established in 1993, is a joint venture between QGPC (63 %) and Mobil (25 %). Other stakeholders are Japan's Itochu Corp. and Nissho Iwai Corp., and South Korea's Kogas.

Qatar, a country of just over half a million people, sits on top of the world's third largest gas reserves after Russia and Iran.

Source: AFP via Iinoil
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