The project is similar in nature and scale to the Qatargas IIproject, which is being developed by QP and ExxonMobil to serve the UK market (see Special Report, pages 29-58). It is also further evidence of the ambitions of Qatar LNG. The US’ ConocoPhillipsis working with QP on a 7.5 million-t/y project, known as Qatargas III, which will also serve the US market (MEED 18:7:03). In addition, discussions are under way between Qatargas II and France’s Total, which could see a third LNG train added to the development (MEED 26:9:03). If all the projects are implemented, they would add 46.5 million t/y of new capacity by about 2010 and require investment of over $30,000 million.
At present, total installed LNG capacity stands at about 14 million t/y. However, the figure is set to rise to about 25 million t/y in 2005, once the first two RasGas-II trains and a major debottlenecking programme at Qatar Liquefied Gas Company (Qatargas)are completed.