Estimated to be worth $700 million, the scope of works covers the construction of dock and unloading facilities for double-hulled LNG tankers, five storage tanks each with capacity of 155,000 cubic metres, vaporisation units and pipelines and utilities. The facilities - to be located near Sabine Pass in Texas - are being handled by US-based Golden Pass LNG Terminal, an affiliate of the US' ExxonMobil Corporation. The terminal, scheduled for completion by 2008/09, will have capacity to receive about 2,000 million cubic feet a day of LNG.

The RasGas III integrated mega-gas project calls for the construction of two LNG trains, each with capacity of 7.8 million tonnes a year. Contract awards are due for both on- and offshore construction packages covering the fabrication of platforms and the liquefaction trains. The project is scheduled to be completed by the end of 2008. RasGas IIis a 70:30 joint venture of Qatar Petroleumand ExxonMobil.