agreement with Qatar’s RasGas Company Limited covering two liquefied natural gas (LNG) trains and Al-Khaleej Gas (AKG) Plant-2 at RasGas’ complex in Ras Laffan Industrial City in Qatar. The project supports Qatar’s strategy to become the world’s leading supplier of LNG.
An LNG train is a chain of equipment, including a gas turbine, which is used to convert natural gas to liquid form. This process reduces the volume of the gas, making it easier to ship large quantities of LNG to help meet growing energy demands in locations around the world.
The new service agreement covers LNG trains 6 and 7 and AKG Plant-2 at the site and follows similar agreements previously signed for RasGas LNG trains 1-5 and AKG Plant-1, bringing GE’s total services commitment at the site to more than $1 billion.
“Our contractual service agreements can help improve the reliability of LNG and gas production and help minimise equipment downtime at the RasGas complex, which is a major contributor to the continuing economic growth of Qatar,” said Joseph Anis, GE Energy’s region executive for the Middle East.
“Trains 6 and 7 will increase capacity at the site, helping RasGas meet the global demand for LNG.”
Over the next few years, Ras Gas plans to begin supplying LNG to a range of new customers around the world, possibly including the US, following the startup of train 6, and Asia following the startup of train 7.
Hamad Rashid Al-Mohannadi, RasGas managing director and CEO, said: “The latest service agreement builds upon the strong relationship that we have forged with GE Energy over the years. It is critical for us to have access to proven technology and world-class services that are customised for our specific needs, allowing us to maintain the reliability of our LNG and gas production. This agreement also will support us in continuing to provide our clients around the world with clean, efficient energy.”
Engineering and construction work for trains 6-7 began in 2005. Train 6 is scheduled to come on line in 2008 and train 7 in 2009.
RasGas Company Limited, jointly owned by Qatar Petroleum and ExxonMobil RasGas Inc, operates production facilities to treat, liquefy and export LNG to countries across Asia, Europe and the US.
Based in Ras Laffan, Qatar, RasGas currently produces more than 20 million metric tonnes of LNG per year with five trains in operation. It is expected that this production will be approximately 37 million tons per year by the end of the decade, with the completion of seven operational trains.