ExxonMobil says the two new trains will be the largest in the world, implying that they will each have a capacity of about 5 million tonnes a year (t/y). They are expected to be built at the Qatar Liquefied Gas Company (Qatargas)complex and be commissioned in 2006-07.
QP and ExxonMobil will now look to finalise various outstanding issues on the project, including a potential site for the LNG receiving terminal in the UK, prospective offtakers and the shipping requirements. The next major milestone in project development will be the signing of a joint venture agreement between the two parties.
The HOA provides further evidence of Doha’s desire to become a major player in Europe. Ras Laffan Liquefied Natural Gas Company (RasGas)has already signed a 3.5 million-t/y agreement with Italy’s Edison. Qatargas is also carrying out a joint feasibility study with Spain’s Repsoland Italy’s Enelfor the construction of a fourth gas train at its Ras Laffan plant. The capacity of the proposed train will be 4.8 million t/y, considerably larger than its existing 2 million-t/y trains, and its output will be marketed in Europe by Repsol and Enel (MEED 12:10:01).