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Shell signs Qatar LNG deals
- Qatar: Wednesday, July 11 - 2007 at 13:43
Royal Dutch Shell has signed agreements giving it access to all the liquefied natural gas from the Qatargas 4 project; and a 25-year service contract to manage a fleet of 25 Qatari LNG carriers, Bloomberg reported. Qatargas 4 comprises upstream gas production facilities with a capacity of 1.4bn cubic feet per day of natural gas. The project is a 70:30 joint venture of Qatar Petroleum and Shell. Costs in the project have blown out to $8bn, up from initial estimates of $6bn-7bn. The plant is due to come onstream in 2010.
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James McInerney, News EditorWednesday, July 11 - 2007 at 13:43 UAE local time (GMT+4)
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This article was updated on Thu Jul 12 2007.
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