Qatargas: High global stakes in the LNG market

November 7, 2014 in Mining

With energy demand at an all-time high around the world and the environmental impact of fuel also under enormous scrutiny, liquefied natural gas, also known as LNG, has become an important factor in fuel supply, with Qatargas, the world’s most prominent company.

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As the largest company of its kind in the world, Qatargas annually produces and supplies the globe with a reported 42 million metric tons of LNG from across its 4 ventures: Qatargas 1, Qatargas 2, Qatargas3, and Qatargas 4.

The company was established in 1984 and very much pioneered the LNG industry in Qatar, helping to fulfil the vision of His Highness the Emir Sheikh Hamad Bin Khalifa Al Thani, for the State of Qatar to be the largest LNG producer in the world.

The company website goes some way to explaining how this goal is being achieved:

It is through our operating excellence and our innovation in global energy that we are safely and reliably delivering LNG to our customers around the globe, from our world-class facilities in Qatar.

At Qatargas we have 7 LNG trains, of which 4 are the largest in the world – known as mega-trains – each with a production capacity of 7.8 MTA.

“Since the establishment of Qatargas 1 we have completed a successful expansion programme that has included the development of Qatargas 2; Qatargas 3 and Qatargas 4 projects; the Laffan Refinery, a dedicated fleet of ships; a regasification terminal; Liaison Offices in Japan and China and the move to our headquarters in central Doha, Qatar.”

In early 2014 Qatargas was awarded ‘Gold Corporate Partner’ status by leading professional body, the Institution of Chemical Engineers (IChemE).

Corporate Partner status is awarded to organisations that exemplify good practice for their support and development of chemical and process engineers. 

Qatargas join a select group of just 6 global organisations to hold Gold Corporate Partner status, having secured IChemE accreditation for its in-company training scheme back in 2012.

Chief operating officer (engineering and ventures) at Qatargas, Sheikh Khalid bin Abdulla al-Thani, said: “This award as a Gold Corporate Partner gives Qatargas increased recognition as a top employer in the chemical engineering community. 

“Through this partnership with IChemE, Qatargas seeks to inspire the next generation and help to ensure the pipeline of young chemical engineers keeps flowing and attracts students into considering a career in chemical engineering.”

Learning and development department manager, Adnan al-Shaibi, added: “Our national graduates under Individual Development Plans (IDPs) as well as those who have successfully reached their established positions will continue to be mentored and provided with development opportunities to reach their full potential. 

“As scheme administrators for promoting and supporting IChemE registrations at Qatargas, we are committed to our employees’ investment in their future roles of becoming professionals and acquiring a globally recognised accreditation.”

Neil Atkinson, IChemE’s director of qualifications and international development, said: “Gold Corporate Partner status is our highest level of corporate partnership and requires organisations to meet high standards in attracting, training, developing and recognising chemical engineering talent. 

shutterstock_138577544“Qatargas have made a sustained commitment over recent years to invest in their staff. Their vision is resulting in a high calibre workforce which will keep them at the forefront of LNG production worldwide.

“They fully deserve their Gold Corporate Partner status and IChemE looks forward to working with them in the future to further enhance their professional development schemes and nurture their chemical engineering talent at appropriate levels, as both Chartered and Incorporated Engineers.”

Of course such accolades reinforce the international reputation of Qatargas which in August, delivered the first LNG cargo to China’s Hainan terminal.

It was reported that the cargo arrived on August 8th on a Q-Max class LNG vessel and will be used to commission the new LNG terminal which CNOOC owns and will be operating soon.

“This is an important milestone for Qatargas. We are very pleased that LNG from Qatar continues to contribute towards meeting the growing demand for energy in the People’s Republic of China,” said H.E. Al Thani.

The agreement between Qatargas and CNOOC (signed in 2008), means that the Qatari business will supply a total of 2 million tons per annum (MTA) of LNG. The first delivery of LNG from Qatar to China with CNOOC was made in October 2009.

“This is the third time Qatargas has provided a commissioning cargo for one of CNOOC’s LNG receiving terminals and represents the sixth LNG receiving terminal overall in China to use LNG supplied by Qatargas for commissioning activities,” it was announced.

A Bloomberg story last April reported that Ras Laffan Industrial City chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets reported.

As competition to supply LNG grows around the world, Qatar has been keen to move into acquisitions to consolidate its position, having already purchased stakes in gas and oil fields in Brazil, Canada and the Republic of Congo.

“We are capitalizing on our experiences and successes as the biggest LNG producer and exporter,” Qatari Energy Minister Mohammed bin Saleh Al Sada wrote in a February e-mail to Bloomberg Markets. “It is natural that we expand our LNG business to cover other parts of the world, including the United States.”

For Qatargas the past 30 years have seen remarkable growth and the company is set fair to safeguard the long-term future of LNG:

At Qatargas, we are adding to the global energy diversity and remain committed to the long-term mix of energy supplies.

Our vision is, by 2015, to be the world’s premier LNG Company, known for our people, innovation, operating excellence, environmental responsibility and corporate citizenship.

We will set the standard for safety performance; customer satisfaction; efficient and reliable operations; financial performance and through our high calibre and diverse workforce we will embrace the Qatar National Vision 2030 to achieving successful and sustainable development,” the company website states.