Qatar Petroleum has signed an agreement with Japan’s engineering company Chiyoda to study further boosting LNG capacity in order to remain the world’s largest LNG exporter.
Qatar, the top LNG producer with a capacity of about 77 Mtpa, is facing a growing competition from new LNG sources including Australia and the U.S.
The state-owned company has asked Chiyoda for a detailed study to identify modifications that are required to reduce any bottlenecks limiting the capacity of Qatar’s LNG trains in Ras Laffan.
Qatar Petroleum plans to process additional gas from nation’s planned new North Field gas project with a capacity of about two billion cubic feet per day for export.
The study is expected to be completed before the end of this year.
“This agreement provides Qatar Petroleum with the option of increasing its LNG production with minimum investment, by leveraging the existing massive, world-class infrastructure and valuable synergies available in Ras Laffan Industrial City,” said Saad Sherida Al-Kaabi, Qatar Petroleum’s Chief Executive.
“Qatar Petroleum is determined to continue its lead position in the gas industry with its expansion plans, both inside and outside the State of Qatar.”By MarEx