Qatargas Set for Expansion

Monday, April 03, 2006
Qatargas expanded its LNG production capabilities with the groundbreaking of Qatargas 3 (QG3) and Qatargas 4 (QG4) at Ras Laffan. Both QG3 and QG4 will each have a capacity of 7.8mn tons a year.

QG3 is an integrated project jointly owned by Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui (1.5%) and will comprise upstream gas production facilities with a capacity to produce 1.4bn cu ft of natural gas a day and will include an average 70,000 barrels of LPG per day and condensate. QG4 will be a 70:30 venture between Qatar Petroleum and Shell. It will also comprise upstream gas production facilities to produce about 1.4bn cu ft of natural gas per day including an average 70,000bpd of LPG and condensate. QG3 is primarily meant for gas supplies to the US and the first shipment is expected in 2009. QG4 will cater to LNG requirements of both the U.S. and Europe and the first supply will commence some six to nine months after QG3 going onstream. The LNG will be shipped from Qatar in a fleet of state-of-the-art vessels including Q-Max, the largest LNG carriers ever built. Each Q-Max vessel will have a 265,000cu m capacity. Qatar proposes to own up to 86 vessels, including some 16 supertankers, by the decade-end when the state’s annual LNG production capacity will reach 77mn tonnes. Sources said the total estimated cost of QG3 and QG4 is $4 billion.

(Source: Gulf Times)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

First US LNG Shipment Goes to China as Panama Canal Opens Markets

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

Insights: Kunkel Weighs in on Propulsion Technology

LNG? Methanol as fuel? Hybrid systems? Tier 4? Reducing noise? Cutting emissions without crushing fuel economy? Marine News readers have questions and Bob Kunkel has answers.

Coast Guard

Safety and Preparation on the Brownwater Radar

Weather Channel Forecasters are predicting a “near-average” hurricane season for 2016, but warn that an average season does not mean businesses and residents shouldn’t prepare for the worst.

Alaska Juris Sinks, 46 People Rescued

The Fishing Company of Alaska, based in Renton, owns the  238-foot  Alaska Juris that started sinking in the Bering Sea shortly before noon on Tuesday, says a report in Seattle Times.

Sunken Barge Impedes Waterway Traffic Near Galveston

A barge sank east of the Galveston Causeway railroad bridge Tuesday, causing the U.S. Coast Guard to issue a safety zone and temporarily restrict traffic on the Gulf Intracoastal Waterway.

 
 
Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0657 sec (15 req/sec)