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Drivers of Gas Export Growth in Qatar

CERA WEEK 9-13 Feb 2004 Mona Al-Maadeed. Drivers of Gas Export Growth in Qatar. Contents. Investment Climate North Field Business Pipeline Export Liquefied Natural Gas ( LNG ) Conclusion. Qatar Geographical Location. Investor’s Oriented Environment. Political stability.

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Drivers of Gas Export Growth in Qatar

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  1. CERA WEEK 9-13 Feb 2004 Mona Al-Maadeed Drivers of Gas Export Growth in Qatar

  2. Contents • Investment Climate • North Field Business • Pipeline Export • Liquefied Natural Gas ( LNG ) • Conclusion

  3. Qatar Geographical Location

  4. Investor’s Oriented Environment • Political stability. • Natural Resource base. • Market Proximity. • Economic and Fiscal incentive. • Extent of Infrastructure.

  5. Financial Stability • Prudent management of government resources. • Achievement Mechanisms: • Qatari Riyal is pegged to US dollar. • Qatar follows the Bank of International Settlement standard including Basle accord and the forthcoming Basle two accord. • A+ was the Last credit rating by S&P.

  6. Investor’s Oriented Environment • Political stability. • Natural Resource base. • Market Proximity. • Economic and Fiscal incentive. • Extent of Infrastructure.

  7. Ras Laffan Industrial City • Covering 106 square kilometers. • 8.5 sq km is the port area, consist of: • 4 LNG berths + 2 liquid berths. • Common cooling water supply. • Independent power plant. • Infrastructure continuously expanding to accommodate new projects.

  8. Ras Laffan (continued) • New projects: • Construction of 4 multi product berths. • Possibility of 5th LNG berth. • Reclamation of more land. • Expansion of fire fighting facilities. • Expansion of common cooling water supply.

  9. North Field Business Strategy • Pursue all market opportunities which can provide a profitable outlet for North Field Lean Gas: • Local Markets • Pipeline Export • LNG • GTL

  10. The Dolphin Project • Development Production Sharing Agreement with Dolphin Energy Limited (DEL). • To export 2 MMCF\D of pipeline gas to Abu Dhabi and Dubai in two phases. • 440 KM pipeline of which 370 KM Sub-Sea. • Commissioning of the 1st phase is 3rd quarter 2006.

  11. Alkhaleej Gas Project • Development & Production Sharing Agreement with Exxon Mobil. • Aims to Supply 1.75 BSCF\D pipeline gas to GCC/ Local markets in two phases. • First phase to supply 750 MMCF\D, will be commissioned in 2005, the second in 2007.

  12. History and Achievement in LNG Business • 1992, the establishment of the first LNG company in Qatar, Qatargas. • 1996, the 2nd LNG company, Rasgas. • Since then, Qatar has moved from taking its first step in the LNG business to now being a leader.

  13. Existing LNG Activities • Qatargas • 3 trains of 7.7 MTPA. • Supply Japan, Spain and other small contracts. • Rasgas • 2 trains of 6.6 MTPA. • Supply Korea, India.

  14. Qatar LNG Growth 104 70 65

  15. Qatargas-2 • Joint venture between Qatar Petroleum (70%) and Exxon Mobil (30%). • Two 7.8 MTPA trains, dedicated to UK. • Commissioning date is end of 2007. • Dedicated ships (at least 25% larger than currently biggest ships).

  16. Rasgas-2 • Joint venture, Qatar Petroleum (70%) and Exxon Mobil (30%). • Two 4.7 MTPA trains. • To supply Petronet (India) and Edison (Italy). • Start up of 1st train is Feb/ 2004.

  17. LNG to the US • In July/2003 a HoA signed with ConocoPhillips to develop Qatargas-3. • One train of 7.5 MTPA. • ConocoPhillips is responsible for regasification and marketing. • Target date is 2008/2009.

  18. LNG to the US (continued) • In October/2003 a HoA signed with Exxon Mobil to supply the US market. • Two large trains, 15.6 MTPA combined capacity. • The supplier is Rasgas-3. • Target date is 2008/2009.

  19. New direction in QP LNG Business • New aspects of the LNG supply chain, QP & Exxon Mobil will own : • 45% each of Rovigo offshore LNG receiving terminal at the northern Adriatic coast of Italy. • 15.6 MTPA receiving terminal at South Hook, Milford Haven, south Wales. • 10% of Petronet receiving terminal at Dahej, India.

  20. Conclusion • Qatar’s gas business expands rapidly. • By 2011, LNG export capacity is 70 MTPA (or larger). • Major expansion of business into Europe and the US. • These are high aspiration due to: • Large reserve base. • Ambitious government. • Strong partners. • Favorable investment climate.

  21. Thank You For Your Kind Attention

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