National Gas inks JV with Petroserv

National Gas has signed an unincorporated joint venture agreement with Qatar-based Petroserv Limited to execute Lusail City gas farm project in Doha.

  
23 November 2015
National Gas has signed an unincorporated joint venture agreement with Qatar-based Petroserv Limited to execute Lusail City gas farm project in Doha.

According to filing by the National Gas Company (NGC) to the Muscat Securities Market, the agreement is subject to final approval by Lusail and the same is expected to be received in due course.

"The NGC scope will be to design and supply of Synthetic Natural Gas (SNG) system and allied equipment for this project and contract value shall be RO 832,859", it said.

This project is expected to be commissioned by December 2016.

Lusail City is the largest single development to be undertaken in the State of Qatar created by Qatari Diar Company. It embodies Qatar's National Vision 2030 in the field of real estate development.

The city of the future boasts a light rail network, a water taxi transportation system, cycle and pedestrian network. Construction work on the 38 square kilometre, progressive world-class development is well under way.

The gas network in Lusail City will serve residential, commercial and hospitality developments. At a primary stage, the gas farm will supply Synthetic Natural Gas to the network until Natural Gas becomes available.

The total gas farm tanks capacity is around 800 m³ of Liquefied Petroleum Gas (LPG) which is equivalent to 2400 m³ of Natural Gas.

© Oman Daily Observer 2015