First Qatari gas shipment received by C.M.S
The US-based C.M.S energy company has recently received its first liquefied natural gas (LNG) shipment from Qatari companies. According to a report in Al-Hayat, the two companies supplying this shipment were Qatargas and RasGas.
Qatargas (Qatar Liguified Gas Company) was the first LNG company in the state of Qatar, established in 1994 and starting production in 1996. 65 percent of the company is owned by QGPC (Qatar General Petroleum Company), 10 percent belongs to Total, an additional 10 percent is owned by Mobil Oil, while Mitsui and Marubeni each own 7.5 percent of the company. According to IMF statistics, the total capital cost of the Qatargas project was $3.9 billion.
RasGas (Ras Laffan Liquefied Natural Gas Company is the second LNG company in Qatar, owned by QGPC (66.5 percent), Mobil Oil (26.5 percent), the Itochu Corporation (4 percent) and Nissho Iwai Corporation (3 percent). IMF statistics have stated that the capital cost of the Rasgas project is estimated at $3.6 billion.
This US-bound shipment from these two companies will be followed by three additional ones from Qatargas, as well as seven similar shipments coming from RasGas. These additional shipments are scheduled to arrive in the US by next April and will bring the total volume of gas received by C.M.S to 24 billion cubic feet.