Qatargas Chief Executive Officer, Khalid bin Khalifa Al Thani, yesterday said Qatargas would continue to seek, for now and well into the future, increased energy efficiencies across its facilities to ensure stability and a better tomorrow for future generations.
Presenting a paper on "Supporting the objective of creation of a stable source of income for the State of Qatar," in the Qatar Ministerial session of the 20th World Petroleum Congress, Qatargas CEO said: "For Qatargas through the vision of His Highness The Emir Sheikh Hamad bin Khalifa Al Thani and under the guidance of His Excellency Dr Mohammed Bin Saleh Al Sada, Minister of Energy and Industry for the state of Qatar, our track record as a secure and reliable supplier, coupled with our unique geographical positioning and world class facilities in Qatar, allows us to serve both the Pacific basin as well as the Atlantic basin LNG markets."
Qatargas CEO noted that the firm has been transformed in the space of just a few years; from what was a two country-supplier, ranked some way below the industry leaders, to the largest LNG producing company in the world, with a production capacity of LNG at 42 million tonnes per annum (MTA). The company has extended its customer reach to one of truly global proportions, both through its long term customer base and through relationships and contracts established to facilitate short term trades.
"Today we have grown into a best practice operating company model. The concern for safety and the environment are core values, and today we are at the leading edge using technologies which, whenever possible, minimise the impact on the environment," he said.
Qatargas manages its offshore operations which include a total of 85 wells that send an average of 7.3 billion cubic feet of natural gas every day for onshore processing. The company also manages four joint ventures, Qatargas1, the world's first fully integrated value chain Qatargas2, Qatargas3, Qatargas4, G2), four world class mega liquefaction Trains each with a production capacity of 7.8 MTA of LNG, and Qatar's first condensate refinery, the Laffan Refinery, which is designed to be one of the largest condensate refineries in the world.
In addition, Qatargas is currently undertaking the "Jetty Boil-off Gas (JBOG) Recovery Project" which aims to recover gas currently being flared during LNG ship loading at the Port of Ras Laffan, and the Plateau Maintenance Project (PMP) that will ensure the production capacity of Qatargas 1 is maintained at 10 MTA of LNG. Besides, the company is also a stakeholder in the Qatar Helium 2 Project, which is a joint venture owned by Qatargas 2, Qatargas 3, Qatargas 4 and Ras Laffan Liquefied Natural Gas Company Limited (3).
"We are fortunate to have built over the past 27 years a trust and understanding, which has developed into strong relations, with our globally recognised shareholders - all leaders in the global energy industry - namely Qatar Petroleum, ExxonMobil, Royal Dutch Shell, ConocoPhillips, Total, Marubeni, Mitsui, Cosmo, and Idemitsu. All have contributed remarkably to the realisation of the state of Qatar's vision to be the largest LNG producer in the world," the Qatargas chief said.
© The Peninsula 2011
