The project is a joint venture of Qatar Petroleum (70% interest) and ExxonMobil Ras Laffan (III) Limited (ExxonMobil, 30% interest) and represents an expansion of the existing LNG production facilities operated by RasGas Company Limited.
“Working in partnership with Qatar Petroleum, Ras Laffan 3 Train 6 represents yet another technological milestone that will help supply the growing global demand for clean-burning natural gas,” said Neil Duffin, president, ExxonMobil. “Advanced technologies, strong project execution skills and economies of scale have reduced the cost of producing and transporting LNG, thereby extending our ability to bring LNG to more people around the world.”
Ras Laffan 3 is part of a full value-chain investment that includes the facilities associated with natural gas production and liquefaction in Qatar, coupled with investments by affiliates of Qatar Petroleum and ExxonMobil in 12 new world class Q-Flex LNG vessels and the Golden Pass LNG regasification terminal under construction near Sabine Pass, Texas. The Golden Pass LNG terminal is a joint venture consisting of affiliates of Qatar Petroleum (70%), ExxonMobil (17.6%) and ConocoPhillips (12.4%) and is expected to start up in 2010.
