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Qatar Will Complete LNG Projects by End of 2010, Oil Daily Says

Bloomberg.com

By Dinakar Sethuraman

March 10 (Bloomberg) — Qatar will complete the world’s biggest liquefied natural gas production lines by the end of 2010, International Oil Daily said, citing Faisal al-Suwaidi, chief executive of Qatargas Operating Co.

The six LNG trains will reach full annual capacity of 7.8 million metric tons 12 months after startup, the publication said. State-controlled Qatargas owns four of the units and Ras Laffan Liquefied Natural Gas Co. the rest. Shareholders in the projects include Qatar Petroleum, ExxonMobil Corp., Total SA, Royal Dutch Shell Plc and ConocoPhillips.

An Exxon-partnered Qatargas line known as train 4 will begin “in the next couple of days,” the report said, and will ship its first cargo to the U.K.’s South Hook LNG import terminal. Qatargas’s train 5 will start by the end 2009.

The Conoco-partnered sixth Qatargas train will start in the third quarter of 2010 and the seventh, with Shell, in the fourth quarter of next year. RasGas and Exxon will start trains this year. Exxon and Qatar Petroleum’s projects will account for 60 million tons a year of the Gulf nation’s LNG capacity.

To contact the reporter on this story: Dinakar Sethuraman at[email protected]

Last Updated: March 9, 2009 22:57 EDT 

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