ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 04:08 UAE time

YOUR DIRECTORY /

| Share |

Qatargas LNG production facility set for late-2009

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 09 March 2009
LNG PRODUCTION: Fifth facility set for Qatargas by late-2009. (Getty Images)
LNG PRODUCTION: Fifth facility set for Qatargas by late-2009. (Getty Images)

Qatar liquefied natural gas (LNG) producer Qatargas will start up its fifth LNG production facility in late 2009, a Qatar energy official said on Monday.

"It will be online by the end of the year," Saad al-Kaabi, head of oil and gas ventures at state run Qatar Petroleum (QP), told Reuters on the sidelines of an energy conference in Qatar.

The production facility, known as a train, will have capacity to produce 7.8 million tonnes of LNG per year.

Qatargas train 5 is 65 percent owned by QP, while Exxon Mobil holds 18.3 percent and Total 16.7 percent.

Story continues below ↓
advertisement

Qatar is the world's largest LNG producer and will double its capacity in 2009 to around 62 million tonnes per year with four new trains due on line. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST ENERGY

  1. Shell delays Qatargas4 project by a year
  2. OPEC chief calls for climate talks compensation
  3. UAE nuclear deal seen in next few weeks
  4. $4.4bn Abu Dhabi oil project contracts awarded
  5. Qatar eyes $9.8bn petro investment in Asia

TOP MIDDLE EAST BUSINESS STORIES

  1. Arab youth SMEs turn to family finance
  2. Shipping slump stops Bahrain's new port signing main liner
  3. Saudi, Dubai flights hit by toilet malfunction
  4. Al Jazeera wins TV rights for 2010 World Cup
  5. Emirates increases Amman, Doha services

ALSO IN MIDDLE EAST ENERGY

  1. Switching it up
  2. Ducab starts work on new $136m factory
  3. ABB wins $38m deal to improve power efficency
  4. Oman sees oil price at $70-$80 per barrel in 2010
  5. Yards ahead

LATEST MIDDLE EAST BUSINESS NEWS

  1. Education: Mubadala completes $1bn financing for uni project
  2. Banking & Finance: Deal sought on Dubai World, Nakheel debts
  3. Banking & Finance: Arab youth SMEs turn to family finance
  4. Banking & Finance: Dubai raises further $5bn in bond sale
  5. Transportation: Shipping slump stops Bahrain's new port signing main liner

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

QGTS.QE

Last Price:

24.10

0.000.00%

25 Nov 2009 09:29 GMT
(Market Closed)

RELATED STORIES

Exxon Mobil
| 28 stories
  1. Power play
    6 Nov '09 | Features
  2. Exxon Qatar gas output to hit 4bn cfd
    27 Oct '09 | News
  3. Iraq's oil power grows, but firms eye election
    22 Oct '09 | Features
Qatar Gas Transport Company (Nakilat)
| 20 stories
  1. Tanker talk
    15 Oct '09 | Features
  2. Qatar Gas sees Q3 profit surge 70%
    14 Oct '09 | News
  3. Qatar's RasGas says Train 6 starts LNG output
    12 Aug '09 | News
Qatar Petroleum
| 58 stories
  1. Qatar eyes $9.8bn petro investment in Asia
    19 Nov '09 | News
  2. Power play
    6 Nov '09 | Features
  3. Qatar eyes China as big new LNG volumes come online
    26 Oct '09 | News

RELATED LINKS

  1. Exxon Mobil»
  2. Qatar Gas Transport Company (Nakilat)»
  3. Qatar Petroleum»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Exxon Mobil

  2. Qatar Gas Transport Company (Nakilat)

  3. Qatar Petroleum

  4. Energy


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. EXCLUSIVE: PR guru says Dubai needs 'softer image' 07
    25 Nov ' 09 at 17:02
    Firstly, kudos to the AB guys for actually going ahead and publishing this, having lived here for almost 20 years, its very rare that...   More  »
  2. UAE banks need to improve customer service - poll 05
    25 Nov ' 09 at 14:54
    If you want the best way to avoid these harassing calls, follow these steps (this applies to Nokia phones):1) download the (free)...   More  »
  3. Dubai's Oct property sales value rises by 50% - official 05
    25 Nov ' 09 at 12:49
    From my own personal experience of buying and selling in recent months (June 09) and also being a real estate agent for the past 4...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY