Qatar Petroleum said all the contracts for the expansion project at the Ras Laffan complex would be awarded by the end of 2018 while the new 100 million tonnes per annum production target would be met by the end of 2023.
Qatar Petroleum President and Chief Executive Saad Sherida Al-Kaabi said he was looking ahead to a no-nonsense future for the combined companies of Qatargas and RasGas after the one-year completion of a corporate union.
Qatari liquefied natural gas exports are now formally under the Qatargas banner of a single company as part of a merger between Qatargas and Rasgas announced by parent Qatar Petroleum at the end of 2016.
Qatar has signed a 15-year liquefied natural gas supply agreement with Bangladesh to supply the Asian nation with 2.5 million tonnes per annum of LNG at its planned floating storage and regasification unit in the Bay of Bengal.
Indian Minister for Petroleum and Natural Gas Dharmendra Pradhan said his country had renegotiated the pricing of liquefied natural gas volumes imported from the Gorgon project on Barrow Island in Western Australia.
PetroBangla signed its first LNG import deal (2.5 mtpa, 15 years) with Qatar's RasGas in July, but this deal “is a far cry from its LNG ambitions,” according to Wood Mackenzie.
Ras Laffan Liquefied Natural Gas Co. (RasGas), the Qatari producer currently finalizing its merger with Qatargas, has successfully loaded and delivered its 2,000th cargo to Korea Gas Corp., one of the world’s largest importers.
Qatari liquefied natural gas production company RasGas, which is in the process of being taken over by Qatargas, has recorded one of its last separate corporate events, the shipping of the 500th cargo to the Italian offshore terminal, Adriatic LNG.
Qatari liquefied natural gas producer RasGas Co. has proposed that India concentrates on building up its LNG supplies and infrastructure as the leading edge of a clean energy policy.
Qatar, the world’s largest liquefied natural gas producer, said it would merge its two production companies Qatargas and RasGas Co Ltd, and consolidate all activities under the Qatargas banner.