Qatargas 2 project sets underway

07-Apr-09

French oil and gas major, Total announced the inauguration of Qatargas 2, a liquefied natural gas (LNG) venture, composed of two trains of 7.8 mtpa each and for which Total holds a 16.7% interest in the second train, alongside the state-owned company Qatar Petroleum (65%) and ExxonMobil (18.3%). Total is also a shareholder in the South Hook Terminal in Wales (Total, 8.35%), the largest in Europe allowing the import and regasification of LNG. With a capacity of 15.6 mtpa, it will receive LNG from the Qatargas 2 Project. The French company is already a partner in the Qatargas 1 liquefaction plant which started production in 1996. Total has been present in Qatar since 1936 and holds interests in the Al Khalij field, the North field, the Dolphin venture, the Qatargas 1 liquefaction plant and the second train of Qatargas 2. The Group's production in Qatar (including its share in the production of equity affiliates) averaged 121,000 barrels of oil equivalent per day in 2008. Total is also a partner in the Ras Laffan refinery and in the Qapco and Qatofin petrochemical plants and projects.