Ras Laffan Liquefied Natural Gas Company Limited
The Company was established in 1993 to produce LNG and related products from a designated area within the North Field, the largest offshore non-associated natural gas field in the world.
The Ras Laffan Liquefied Natural Gas Company Limited is owned by Qatar Petroleum (QP), ExxonMobil RasGas Inc. –(a wholly owned subsidiary of ExxonMobil Corporation), Itochu Corporation and LNG Japan Corporation. KORAS, a Korean-owned entity, has been formed to hold 5% to be acquired from QP and Exxonmobil.
Two onshore LNG trains have been constructed with the capacity to manufacture 6.6 MMTA of LNG per year, together with 45,000 barrels per day of condensate and 300 tonnes per day of solid sulphur. To meet the feedstock requirements of two LNG trains, the Company has drilled 15 offshore wells on three platforms capable of producing more than 1.1 billion standard cubic feet of gas per day (BSCFD).
Ras Laffan Liquefied Natural Gas Company Limited (II)
The Company was established in 2001 by QP (70%) and ExxonMobil (30%). Train 3 was commissioned in the first quarter of 2004 with the sales to Petronet in India. Train 4 is scheduled for start up in the fourth quarter of 2005. Each new train is rated for 4.78 MMTA.
New offshore wells, the largest producing wells in the industry are being drilled. Oil and Natural Gas Corporation of India (ONGC), a shareholder in Petronet is scheduled to acquire a 5% interest in the company associated with the Petronet sale.
RasGas Company Limited
RasGas Company Limited was established in 2001 by QP (70%) and ExxonMobil (30%), to assume responsibility for providing a full range of operations and maintenance management services to Ras Laffan Liquefied Natural Gas Company Limited, Ras Laffan Liquefied Natural Gas Company Limited II, the Al Khaleej Gas Project and future expansion opportunities. The company commenced operations in July 2002.
RasGas commenced deliveries of LNG to Petronet LNG Ltd. of India in the first quarter of 2004. The initial phase of the Petronet sale will deliver 5 MMTA of LNG to a newly constructed import terminal at Dahej, Gujarat State. The SPA also provides an option for an additional 2.5 MMTA for delivery to Cochin, Kerala State. Petronet is a joint venture promoted by four of the largest energy companies in India (GAIL India, Indian Oil Corporation, Bharat Petroleum Corporation, and Oil and Natural Gas Corporation).
The RasGas companies marketing efforts are also focused in South Korea, Europe, the United States, Taiwan and China.
Main activities/Lines of production
Currently progressing 5 projects with activity in 5 countries. These projects include LNG trains 3 and 4 (4.7 MMTA), a helium refinery, a NGL extraction unit, and the AKG pipeline sales gas project. In addition to these projects supporting sales into Asia and Europe, RasGas has multiple projects in various stages of planning. These projects include RasGas LNG train 5 (4.7 MMTA), large LNG trains 6 and 7 (7.8 MMTA each), and additional AKG pipeline gas sales capacity.
Trains 5,6 and 7 are currently being planned for first LNG to occur in late 2007, 2009 and 2010 respectively. Activity on these additional projects in 2004 will focus around pre-FEED and FEED on Trains 5, 6 and 7 and will advance into EPC and construction activity, including the setting of the wellhead platform and initiation of drilling activity associated with Train 5.
RasGas’ major customers are Korea Gas Corporation (KOGAS), Petronet PLL of India, Edison Gas of Italy as well as ExxonMobil, British Gas LNG, LG Caltex, Emirates National Oil Co. (ENOC), Idemitsu Kosan-Japan, SK Energy and CMS.
For more information about RasGas: www.rasgas.com