By Tom Bergin
Startup is now planned for late 2010, first cargo possibly pushed into 2011.
Royal Dutch Shell said it had delayed its $8bn Qatargas 4 liquefied natural gas project by around a year, with startup now planned for late 2010 and first cargo possibly pushed into 2011.
"We had been planning for a startup in early 2010 but now we expect that to come in late 2010," a spokeswoman said on Monday, adding the slippage represented a delay of 10 months.
She declined to say when first cargoes would load commence but a statement from the company said ramp-up of the project could continue into 2011, raising the prospect the facility may not be in a position to load ships until then.
The delay was due to contractors struggling to keep up with the pace of developments in Qatar's gas industry, the spokeswoman said.
The Qatargas 4 project will produce 7.8 million tonnes of the natural gas cooled to liquid so it can be exported in ships.
State-run Qatar Petroleum owns 70 percent of the project, while Shell owns the rest. Gas will be exported to the United States and China. (Reuters)
Shell DID NOT delay the Project 1 year but rather the Contractor fell 1 year behind schedule. This is a BIG differnce.