RasGas Tran-III to India to go on stream in 2004
Train-III of Qatar’s Ras Laffan Liquefied Natural Gas (RasGas) company for the transportation of Liquefied Natural Gas (LNG) to India will be operational by 2004. The company and a joint venture consisting of the Chiyoda Corporation, Mitsui and Snamprogetti signed an agreement to build an LNG train and related onshore facilities last year.
The project consists of offshore production, transportation and liquefaction facilities to produce approximately 4.7 million tons of LNG per year from the North Field, Qatar. The facilities will be utilized to supply LNG for 25 years to Petronet LNG of India under a Sale and Purchase Agreement (SPA).
The SPA covers deliveries of 5.0 MMTA to a planned import terminal at Dahej in the state of Gujarat and another 2.5 MMTA to a planned import terminal at Cochin in the state of Kerala. Deliveries will initially be supplied by existing LNG trains at the RasGas plant site that currently produce LNG for Korea’s Kogas.
RasGas (II) is a Qatari joint venture, owned 70 percent by the Qatar General Petroleum Corporation (QP) and 30 percent owned by Mobil QM Gas, an affiliate of Exxon Mobil Corporation. — (menareport.com)
© 2002 Mena Report (www.menareport.com)