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FINANCIAL NEWS
Qatar to reach full LNG export capacity by end 2011
05 Jun 2011
(MENAFN) Qatar International Petroleum Marketing’s Co. (Tasweeq) chief executive, Saad Abdullah Al Kuwari, said that by the end of this year, Qatar would reach its full liquefied natural gas (LNG) export capacity of 77 million tones per year, reported Arabian Business.
Al Kuwari added that the country’s recent plant, Qatargas train seven, was established to increase Qatar’s export capacity to reach the 77 million tones of LNG, adding that Qatargas’ six and seven trains didn’t reach their operating capacity.
He also said that by the end of 2011, Shell’s and Petroleum’s joint venture the Pearl plant, which would produce 140,000 barrels per day (bpd) gas-to-liquids (GTL), would start operations and reach full capacity in the first quarter of the coming year.
It is worth noting that following the March earthquake and tsunami, Japan had bought more LNG and liquefied petroleum gas (LPG) from Qatar and had also bought more of the oil product naphtha.
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