Qatar to Account for 30% of LNG Production

Wednesday, March 28, 2007
RasGas Managing Director said that Qatar's vast North Field is expected to produce 25b standard cubic feet per day (scfd) of natural gas by 2012 compared to the current 7bn scfd of natural gas, The Peninsula reported. While addressing the Qatar Financial Centre QFC, the director stated that Qatar will soon account for 30 per cent of the total liquefied natural gas (LNG) production in the world. He said that RasGas accounts for 21 million tons per year(mtpa) out of the 30 mtpa produced by qata, and by 2009, it will be producing 37 mtpa. As for insurance, he said that the total value of RasGas' insured assets is $19bn Of the $130bn expected to be splashed out by the state by 2012, $74bn or 56 per cent will be spent on energy and petrochemical projects, he added. Source: Middle East North Africa Financial Network
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

LNG

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

ClassNK Updates Guidelines for Floating Offshore Facilities

ClassNK released a new version of its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage, Offloading and Regasification.   Available on the ClassNK website,

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0960 sec (10 req/sec)