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Tuesday, December 6, 2016

Qatar's Annual LNG Output Hits 30.7m Tons

March 21, 2007

The Director of the RasGas Company announced that Qatar has become the world's biggest Liquefied Natural Gas (LNG) producer, at a total LNG capacity of 30.7 million tons per annum (mtpa), the Peninsula reported. He pointed out that the company's latest project, the RasGas Train-5, which cost about $1.7 billion, has an annual LNG capacity of 4.7 million tons. He added that the total volume of investments in the mega project, which is a joint venture Qatar Petroleum and Exxon Mobil (XOM) have also invested, reached more than $20 billion. The official, who was addressing a press conference, indicated that the Train-5 will bring the total RasGas output to nearly 21 million tons a year. He added that the project's output will be directed to European markets mainly. Source: MenaFm


 
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