Gulf Oil and Gas accountACCOUNT

Qatargas Sends First Train 7 Cargo to India

Source: www.gulfoilandgas.com 2/20/2011, Location: Middle East

Qatargas and Shell announced that the first cargo of liquefied natural gas (LNG) from the Qatargas 4 Project (70% Qatar Petroleum, and 30% Shell) has loaded. The cargo is en route to Hazira receiving terminal in India.

Qatargas, the company who pioneered the LNG Industry in Qatar, now has a production capacity of 42 mtpa of LNG, from its seven trains. This makes it the world’s largest LNG producer.

Commenting on this achievement, His Excellency Dr Mohammed Saleh Al Sada, Minister of Energy & Industry for the State of Qatar & Chairman of the Board of Qatargas said:
“Qatargas adds to the energy diversity of Asia, Europe and North America. The company continues to demonstrate its commitment to assisting in the diversification and the long-term mix of the world’s energy supplies. I am delighted with the significant accomplishment of the first load-out from Qatargas 4 to India, which has significant potential as a market for LNG.”

Qatargas’ CEO Khalid Al-Thani added that:
“Qatargas now has long-term agreements to supply countries in all four corners of the world. Our continued commitment is to supply our customers’ energy needs safely and reliably over the years ahead. We are most thankful to His Excellency Dr. Mohammed Saleh Al Sada, Minister of Energy & Industry for the State of Qatar, whose guidance and direction has helped us achieve this remarkable milestone.”

“Qatargas 4 represents another step in Shell’s strategy of bringing natural gas, the cleanest-burning fossil fuel, to new and existing markets,” said Peter Voser, Chief Executive Officer of Royal Dutch Shell plc. “It also strengthens our position as the leading international oil company in the LNG industry. We look forward to working closely together over the years ahead to create value for the State of Qatar and Shell.”

Andy Brown, Shell’s Executive Vice President, said: “Qatargas 4 opened up new markets for Qatari LNG in China and Dubai with agreements signed in 2008, and continues to look for further opportunities. It is therefore fitting that its first cargo should go to India, a market with significant potential for LNG. We are committed to working with Qatar Petroleum and Qatargas in delivering LNG to markets that require stable and reliable energy supply.”

Qatargas operates the new Qatargas 4 project on behalf of its owners, Qatar Petroleum (70%) and Shell (30%).

The cargo sailed on the LNG carrier Al Ruwais, one of the new class of Q-Flex vessels owned by Qatar Gas Transport Company (Nakilat).

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

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