Jun 13 2011 |
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* Shell:1st Cargo Leaves Flagship Qatar Gas-To-Liquid Plant
Monday, Jun 13, 2011
(MORE TO FOLLOW) Dow Jones Newswires
13-06-11 0708GMT
Shell: First Cargo Leaves Flagship Qatar Gas-To-Liquid Plant
Monday, Jun 13, 2011
LONDON (Dow Jones)-- Royal Dutch Shell PLC (RDSB.LN) said Monday it has shipped the first cargo of gasoil manufactured from natural gas at its flagship Pearl Gas-To-Liquids plant in Qatar.
The sale of the first cargo from Pearl is an important milestone for Shell. Pearl is Shell's most expensive project and will be by far the largest GTL plant in the world when it reaches full production. It is also expected to be highly profitable because oil products like gasoil currently sell at very large premium over natural gas.
"Over the coming months, production will ramp up from the first production unit of the Pearl GTL project," said Shell in a statement. "The second train is expected to start up before the end of 2011. The plant is expected to reach full production capacity by the middle of 2012."
At full capacity, Pearl is expected to produce 1.6 billion cubic feet of gas per day from Qatar's North Field, which will be processed to deliver 120,000 barrels per day of condensate, liquefied petroleum gas and ethane, and 140,000 barrels per day of high quality gas-to-liquids fuels and lubricants.
Company website: http://www.shell.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com
(END) Dow Jones Newswires
13-06-11 0715GMT
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