Qatar’s LNG producers start operating as one company

Qatar's LNG producers start operating as one company

With the start of the new year, Qatar’s two LNG producers, Qatargas and RasGas have started operating as a single company under the name of Qatargas. 

Speaking at a news conference, Saad al-Kaabi CEO of Qatar Petroleum, the parent company of the merged LNG units, said this move will save the company around two billion riyals ($550 million) per year.

The two companies have started operations as a single unit on January 1, Qatar Petroleum said.

The new company now operates 14 LNG trains with a total annual production capacity of 77 million tons.

The company has a fleet of 25 purpose-built conventional vessels, each with a capacity of between 135,000 and 152,000 cubic meters. It also has a fleet of 31 Q-Flex and 14 Q-Max tankers on long-term charter, capable of transporting 210,000 cubic meters and 266,000 cubic meters of LNG respectively.

Current Qatargas CEO Sheikh Khalid Bin Khalifa Al Thani has been appointed as the chief executive of the new company.

1 QAR = 0.274725 USD

Share this article

Follow LNG World News

Events>

<< Nov 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

The International Gas Cooperation Summit (IGCS)

The Summit will put the objectives of South Africa and the region at the forefront of international gas development…

read more >

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG India Summit 2018

After three successful editions, LNG Summit is back with yet another edition for chief LNG…

read more >