Exxon Qatar gas output

Mark Albers, a senior Exxon executive, has said that Exxon Mobil natural gas output in Qatar would reach four billion cubic feet per day (cfd) when all its projects there reach full capacity.

Exxon is the biggest foreign investor in Qatar, the world's largest exporter of liquefied natural gas (LNG). It has a stake in all four of the giant LNG projects starting up this year to double Qatar's LNG export capacity to 62 million tonnes per year (tpy) from 31 million tonnes per year, Reuters reported.

"Once all the projects in Qatar are at capacity we will be producing about four billion cfd of gas," Albers told reporters at a news conference after Qatar inaugurated an LNG production plant.

Exxon Mobil Corporation is the world's leading publicly-owned energy company and operates facilities or markets products in most of the world's countries. It is the parent company of the Esso, Mobil and ExxonMobil companies that operate in the United Kingdom, their website says.

Another gas project in which Exxon has a stake, known as Al-Khaleej 2, would come on line in the next couple of months, said Hamad al-Mohannadi, the chief executive of Qatar state-controlled LNG producer RasGas. That project has capacity to pump 1.25 billion cfd.

Exxon is relying on Qatar for most of its global production growth this year.

The Golden Pass LNG import terminal in the United States would start operations in mid-2010, Albers reiterated.

Golden Pass is on the US Gulf coast and would have import capacity of two billion cfd. Qatar Petroleum would own 70 percent of the terminal, with Exxon and ConocoPhillips owning the rest.

RasGas is one of two LNG producers in Qatar. The other is Qatargas. Exxon has a stake in projects controlled by both companies.

 

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