Project Profile
Value: US$2 billion
Location: Qatar
Start-up Year: Jan 2011
Qatargas 4 (QG4) which started producing LNG in January 2011 completes Qatargas’ planned LNG expansion projects. The project QG4 involved the construction of a new LNG mega-train (Train 7), similar to Qatargas 2 and Qatargas 3 with a production capacity of 7.8 MTA.
Despite being built in a challenging construction environment, progress at the project is so far in line with our expectations at the time of the investment decision.
The majority of the onshore and offshore facilities for Qatargas 4 are being developed jointly with Qatargas 3 (a joint venture between Qatar Petroleum, ConocoPhillips and Mitsui development) through a single Joint Asset Development Team.
The construction of eight dedicated LNG carriers is well underway at SHI and DSME yards in South Korea for the owner Qatar Gas Transport Company Ltd. (known as “Nakilat”, which means carriers in Arabic). Qatargas 4 has entered into long-term charter agreement with Nakilat for those eight vessels.
Operators of Qatargas 4:
Qatar Petroleum: Operator with 70% interest
Shell Qatar: 30% interest
Operators of Qatargas 3:
Qatar Petroleum 68.5%
ConocoPhillips 30%
Mitsui & Co. Ltd 1.5%
Contractors:
A consortium for EPC contract:
Technip Doha
Chiyoda Corporation Qatar
Off-take companies:
Petronas LNG