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Doha, Qatar: RasGas Company Limited (RasGas) was recently conferred the Corporate Social Responsibility (CSR) Company of the Year Award at the 6th annual Arabian Business Qatar Awards.
RasGas was nominated by 157 local businessmen, industry leaders, and influencers as leading role model in CSR practices among various sectors and companies in Qatar. This recognition follows the 2014 third place achieved at the regional Arabia CSR Awards.
The Arabian Business Award is a premier event in the regional business calendar, which honours the biggest names in the Gulf business community, celebrating the best achievements both on a corporate and individual level.
Hamad Mubarak Al Muhannadi, RasGas CEO, commented on the award: "At RasGas, we take great pride in receiving such an important recognition for our positive contribution to the community, our commitment to sustainable development, spreading better practices, and actively supporting the Qatar National Vision 2030."
He added: "RasGas considers corporate social responsibility as a core commitment, and as a global energy supplier we believe we have a prime role to play in the path to building a more sustainable future for our nation and the generations to come. This recognition is a further incentive to continue our CSR programme across the four cornerstones of community, education, environment and health."
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About RasGas
RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas' principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar's North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas with a total LNG production capacity of approximately 37 million tonnes per annum.
For pipeline sales gas to the domestic market, RasGas also operates the Al Khaleej Gas Projects, AKG-1 and AKG-2 supplying approximately 2.0 billion standard cubic feet (Bscf) per day. RasGas is currently adding production capacity by building the Barzan Gas Project which when fully operational in 2015, is expected to supply approximately 1.4 Bscf of additional sales gas per day to the Qatari market to meet growing demand for energy at power stations and downstream industries.
RasGas currently operates the Ras Laffan Helium Plant which was established in 2003 and came on stream in 2005. The plant extracts, purifies and liquefies helium from the North Field. The second helium plant entered production in June 2013 bringing the total liquid helium production capacity to 1.96 Bscf per year. www.rasgas.com
About RasGas CSR
CSR is an established business philosophy and practice that predicates an active role for private sector in ensuring meeting responsibilities across the so-called triple bottom line - people, planet and profit.
RasGas has consistently embedded CSR best practices in its business operations, implementing an ongoing programme aiming at responding to community needs and partnering with governmental organisations to contribute to national sustainability agenda.
Social responsibility practices are integral to RasGas' business. The company seeks to make a positive, lasting impact on stakeholders in the key areas of community - education, environment, and health, in alignment with Qatar National Vision 2030. RasGas aims to position itself as a transformative organisation and driver of change in Qatar.
RasGas' CSR programme supports individuals and organisations in the wider Qatar community as well as specific groups such as children, young people and women. RasGas contributes to the community through financial means, technical expertise, and the time and effort volunteered by its employees.
RasGas was the first Qatari energy company to issue a sustainability report in 2008, and has consistently improved its social accountability through annual sustainability reports and a proactive community programme.
© Press Release 2015
