Marine Link
Friday, December 9, 2016

Qatar Commits to $13 billion LNG Project

November 21, 2005

Persian Gulf emirate Qatar will invest about $13 billion to boost liquid natural gas production by 40 percent, according to a Monsters and Critics report. Qatar Petroleum and ExxonMobil Corp. jointly formed Ras Laffan Liquefied Natural Gas Co., or RasGas, to supply a soon-to-be built LNG re-gasification terminal on the U.S. Gulf of Mexico coast. Recently, RasGas let contracts for an expansion of Ras Laffan Industrial City facilities that will process natural gas from Qatar`s giant North Field, according to the report. Among those contracts is one awarded to Fluor Corp. for engineering, procurement and construction management in the building of six LNG trains. The Fluor contract has a potential value of about $1 billion. Source: Monsters and Critics


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News