Qatar’s Rasgas planning double capacity by 2005

Published October 6th, 2000 - 02:00 GMT

The Qatar-based Ras Laffan Liquefied Natural Gas (Rasgas) company is planning to double its capacity by 2005, and has invited tenders for a more than $2 billion expansion project that will make this possible, reported the Oil Daily. 


The project will involve the setting up two more liquefied natural gas (LNG) trains, said Neil Kelly, Rasgas’ managing director. This will increase the capacity of the existing two-train facility to 14.9 million tons per year. 


Kelly would not name the companies that have been shortlisted for the project, but said that contracts will be awarded by April 2001. 


Rasgas, which is located at Ras Laffan, some 50 km from the Qatari capital of Doha, is one of two LNG ventures meant to tap into Qatar’s North field, which is the world's largest single concentration of natural gas. 


Rasgas is 63 percent owned by Qatar General Petroleum, a state-owned company, with 25 percent of the shares held by Exxon Mobil, and 5 percent by nominees of South Korea's Korean Gas, and 4 percent and 3 percent being held respectively by Itochu and Nissho Iwai of Japan. – (Albawaba-MEBG) 



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