42. Barzan Gas Development
Project Overview
The Barzan Gas Development forms part of
Qatar’s plan to increase the country’s use of natural gas from the North Field to fuel its power plants, to meet rising demand for electricity.
The project has grown four-fold from its initial target of 1.7 billion cubic feet a day (cf/d) of gas, with plans for six gas trains to be developed by 2015.
The $1.7bn first phase will deliver 1.7 billion cf/d of gas by 2012, the second, $2bn phase will provide 1.8 billion cf/d and the third, $3bn phase will deliver up to 2.5 billion cf/d.
The final completion date for this project has now been revised to the end of 2021, from the original estimate of 2016.
Project Analysis
Barzan sets a benchmark for project finance
The Barzan gas development in Qatar was the largest project finance transaction of 2011, completed at the height of the eurozone debt crisis
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The search for alternative project financing
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Filling the project finance credit gap
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International banks wary of project finance in the Middle East
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Project finance faces a tough year
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Optimism gives way to caution in the finance sector
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News in brief: 2011
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Kuwait bolsters Gulf projects index
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Eurozone contagion hits Middle East
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Worrying trend for bank sector
Company Announcements
MEED Events
Key Facts
Client: RasGas Company (Qatar Petroleum; ExxonMobil Global Services)
Sector: Oil & Gas
Stage: EPC Bid
Budget: $9.4bn
Completion date: Q4 2021
Location: Qatar
News
QP appoints RBS to advise on $6.4bn petrochemicals project
Qatar continues relationship with UK bank on latest deal
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QP and Shell seek adviser for $6.4bn petrochemicals scheme
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State dominates loan and deposit growth in Qatar banking sector
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Qatar credit growth to slow in 2012
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Barzan reaches financial close on $3.9bn bank debt
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Qatar completes $5bn bond
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Qatar puts Barzan bond issue on hold
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Barzan seeks bond advisers
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CCC wins $330m Barzan contract
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Barzan debt to sign on 31 October
MEED Projects
