Qatargas sees no output cut despite lower demand.Byline: ABU DHABI Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. :
Qatargas Qatargas is a natural gas company in Qatar. It has offshore natural gas production, which supplies the LNG plant in Ras Laffan, which has three operation LNG trains. The company was established in 1984 and the shareholders of the company are Qatar Petroleum, ExxonMobil, Total, , one of two majority-state owned producers in the world's top LNG LNG (liquefied natural gas): see under natural gas. exporter, is not considering curbing production despite a decline in demand, its chief executive said. "This is not even on our radar screen. If someone has to shut down, I can assure it won't be Qatar," chief executive Faisal Al-Suwaidi told reporters on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of a gas conference in Abu Dhabi. Suwaidi also said he expected Qatargas train 5's "mechanical completion within a few weeks," without giving further details. Qatargas has said that train 5 is expected to come on stream before the end of the year, while train 6 and train 7 should start up in 2010. The completion of these plants to process liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. would bring Qatargas' total production to 42 million tonnes per year by the end of 2010, it has said. Suwaidi said that train 4 is under maintenance and is expected back online soon, while train 1 is back to production after undergoing maintenance. "We decided to bring the train (4) down because of some maintenance issues ... some vibrations, leaks," he said. "Now the plant is under start-up Start-up The earliest stage of a new business venture. ... we should see the first LNG cargo in a few days," he added." Qatargas' new Ras Laffan refinery is now in the commissioning phase and is due to start operations this year, Suwaidi said. Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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