The
State of Qatar Approves Development Plan for Al Khaleej Gas
Posted: 30 March 2003
IRVING, Texas — The State of Qatar, Qatar
Petroleum (QP) and ExxonMobil Middle East Gas Marketing Ltd. (EMMEGML),
a subsidiary of Exxon Mobil Corporation (NYSE:XOM), today announced
the launch of phase one of Al Khaleej Gas (AKG-1).
Al Khaleej Gas (AKG) will produce gas from Qatar's North Field,
recover associated condensate and natural gas liquids for sale,
and
market 1.75 billion cubic feet per day of pipeline gas for domestic
and export customers.
AKG will be developed in phases to meet the gas
sales commitments, with AKG-1 to supply approximately 750 million
cubic feet per day to the Oryx GTL plant (QP/Sasol Joint Venture),
Ras
Laffan Power Plant and other domestic industrial customers.
First gas is scheduled for the fourth quarter of 2005. Total investment
for AKG-1 is in excess of $1.1 billion.
"The signing of this agreement with our long-time partner,
ExxonMobil, reflects the strong confidence in the stable economic
development of the State of Qatar, giving all credit to the trust
bestowed upon us in this respect by H.H. the Emir, Sheik Hamad Bin
Khalifa Al Thani," His Excellency Abdullah Bin Hamad Al Attiyah,
Minister of Energy and Industry, Chairman of Qatar Petroleum said.
"With its strategic geographical location and its enormous
reserves of natural resources of gas in the North Gas Field, Qatar
will continue to develop as a dynamic base for major world-class
industrial projects," HE Minister Al Attiyah added.
"The launching of Phase 1 of the Al Khaleej Gas Project represents
another significant step forward in the development of natural gas
from Qatar's North Field for domestic and regional markets,"
said Mr. Harry Longwell, Director and Executive Vice President,
Exxon Mobil Corporation.
"ExxonMobil is pleased to be working in partnership with the
State of Qatar on this project and other joint venture activities.
These projects progress Qatar's strategic plan to develop markets
around the world for the country's enormous gas reserves."
ExxonMobil is the world's largest non-government marketer of equity
gas, with total equity gas sales of 10.5 billion cubic feet per
day. (BUSINESS WIRE)
Posted by Richard Price,
Editor Pipeline Magazine
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