Gas Processing is Produced by Gulf Publishing Company

Your source for technology information for the gas processing industry


Qatargas to deliver up to 1.1 MMt of LNG per year to Shell

DUBAI (Reuters) — State-owned Qatargas said on Saturday it had signed an agreement with Shell for the delivery of up to 1.1 MMt of LNG per year for 5 yr.

The agreement will start in January 2019 and will be for the supply of LNG from Qatar Liquefied Gas Company Limited (4) (Qatargas 4), a JV between Qatar Petroleum which holds 70 percent and Shell with the remaining 30%.

The LNG will be delivered to either the Dragon LNG Terminal in Britain or the Gate LNG Terminal in the Netherlands, Qatargas said in a statement, which gave no value for the deal.

Qatar, the world's biggest exporter of LNG, faces competition from Australian and US producers. Supply deals into Europe offer a valuable option as Asia's gas-consuming economies rein in new deals in light of a growing supply overhang.

The Shell agreement also comes as the worst rift in years among some of the most powerful states in the Arab world continues to simmer.

Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed their ties with Qatar this month, accusing it of supporting terrorism, a charge which Doha denies.

Qatargas has said its LNG supply to the world's largest LNG importer Japan would not be affected by the economic, diplomatic and transport boycott.

Reporting by Maha El Dahan; Editing by Adrian Croft


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Regional Focus
-Shem Oirere
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.


Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants

Register Now

Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications

May 22, 2018 10am CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Company.