Enron opts for expanding gas liquefication facilities in Qatar

Apr 05, 1999 02:00 AM

Enron has said it has dropped plans to build a gas liquefication plant in Qatar and had opted instead for expanding existing facilities.
Enron said it had agreed last year with the Qatari authorities "that it would be more efficient to handle our potential LNG needs through expansion of existing facilities rather than new development."
"As a consequence, Enron allowed our 1995 agreement (non-binding letter of intent) to expire at the end of 1998," said John Ambler, from Enron's public relations department.
He said Enron "continues to have discussions with Qatar and other sources to supply the LNG markets we are developing in India," a reference to the western Dabhol power plant built by Enron.

The 1995 letter of intent was for the construction of an LNG plant in Qatar with an annual capacity of 5 mm tpy, supplying LNG to Dabhol, Israel and Jordan.
The project suffered its first set back when Israel in 1996 refused to purchase Qatari gas. Enron failed to find new clients for the spare capacity.
In December, Enron signed a sales and purchase agreement with Oman LNG for 1.6 mm tpy of LNG for the Dabhol plant. It said it would also sign a deal with Abu Dhabi Gas Liquefication for 500,000 tpy.
The Dabhol Power Project, India's largest private power station, is due to become operational very soon.
Enron Power has an 80 % stake in the power station, which at $ 2.9 bn is the largest single foreign investment project in India.

Source: AFP via Iinoil
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