DOHA, QATAR - Qatar has the third largest proven conventional natural gas reserves and is the world's largest producer of Liquefied Natural Gas (LNG) with an annual output of around 77 million tons. RasGas Company Limited (RasGas) produces about half of it - supplying countries across Asia, Europe and the Americas.
This, however, does not predicate that RasGas will be a successful company.
In order to become a major energy supplier to the globe you need a vision, execution, a deep understanding of markets, a robust strategy and good people, according to Khalid Sultan Al Kuwari, chief marketing and shipping executive of RasGas
Speaking to an audience at Carnegie Mellon University in Qatar during a Dean's Lecture Series, Al Kuwari added: "Since our inception in 1993, RasGas has grown to become a major LNG supplier to the globe. Our flexible, reliable and timely delivery of clean energy sets us apart from others in the market."
In order to deliver results, organizations like RasGas need not only worry about producing LNG, but bringing that product to market. To enable this, RasGas, through its major shareholders, Qatar Petroleum and ExxonMobil, invested in the full LNG value chain starting with drilling larger wells and building the world's largest LNG production trains to managing the largest LNG ships on the seas and investing in world-class LNG terminals around the world. All of this allows cleaner burning Qatari LNG to be delivered to all corners of the globe efficiently and reliably.
In February Carnegie Mellon Qatar and RasGas signed a Memorandum of Understanding (MoU) paving the way for mutually beneficial initiatives and projects, which include providing resources and training for students at Carnegie Mellon.
Commenting on the co-operation, Dr. Ilker Baybars, Dean of Carnegie Mellon University in Qatar, recognized the role of RasGas in helping Carnegie Mellon to prepare future generations to participate in the implementation of Qatar National Vision 2030. Additionally, the MoU laid the foundation for education and training for RasGas staff and the sharing of professional expertise and research in Business Administration, Information Systems and Public Policy.
"Since our first delivery to South Korea in 1999, RasGas has grown to produce and sell nearly half of Qatar's LNG to markets all across the globe, whilst also producing significant amounts of pipeline gas and associated products. Today, Qatar supplies around 30% of global LNG volumes and in doing so has allowed for great institutions like Qatar Foundation to be built," added Hamad Rashid Al Mohannadi, chief executive officer of RasGas.
The lecture by the RasGas executives elaborated on the key variables which influence the global energy market and demonstrated how a well thought out marketing strategy can lead to long term success.
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About Carnegie Mellon:
For more than a century, Carnegie Mellon University has been inspiring innovations that change the world. Consistently top ranked, Carnegie Mellon has more than 12,000 students, 90,000 alumni and 5,000 faculty and staff globally.
In 2004, Qatar Foundation invited Carnegie Mellon to join Education City, a groundbreaking center for scholarship and research. Students from more than 40 different countries enroll at our world-class facilities in Education City.
Carnegie Mellon Qatar offers undergraduate programs in biological sciences, business administration, computational biology, computer science and information systems. Carnegie Mellon is firmly committed to Qatar's National Vision 2030 by developing people, society, the economy and the environment.
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 is expected to enter production in 2013 bringing the total liquid Helium production capacity to 1.96 Bscf per year. www.rasgas.com
© Press Release 2013
