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Qatar's RasGas in Talks with Kuwait Petroleum for LNG

The negotiation between the two companies concerns a a five-year deal to supply liquefied natural gas

Qatar's RasGas in Talks with Kuwait Petroleum for LNG

RasGas CEO Hamad Rashid Al-Mohannadi told Reuters on the sidelines of the Petrotech conference that his company is now in discussions with Kuwait for a mid-term LNG supply contract for summer.

He said the deal, in which RasGas may supply 1.4 million tonnes a year, was likely to be finalised soon.
"We expect to begin supplies from the middle of this year and we hope to conclude talks in the first quarter," he said.

Qatar's oil minister, Abdullah al-Attiyah, said energy projects in the world's largest exporter of LNG would not be delayed despite economic uncertainty.

Attiyah said the Ras Laffan ethylene cracker would come online in the middle of 2009.

He said Rasgas 2, Qatar's largest LNG project, would start operations from train 1 in a few weeks and would produce 7.8 million tonnes a year.

LNG production in Qatar, which has the world's third-largest gas reserves, is split between two companies, RasGas and Qatargas, both majority owned by state oil firm Qatar Petroleum.

Mohannadi said Qatar would supply India's Petronet LNG with six additional cargoes this year.

Author: Ksenia Kochneva

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