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Qatar in talks with Kuwait to supply LNG

By Agencies

Qatar is in talks with fellow Gulf Arab state Kuwait to supply liquefied natural gas (LNG), a senior Qatari energy official said on Wednesday.

"We are in early discussions for the supply of gas," Hamad Al Mohannadi, managing director of gas company RasGas, told Reuters on the sidelines of an industry conference in Qatar.

Mohannadi declined to give a timeframe or details about the amounts the two countries were discussing, but said the gas would not be provided through a pipeline as was envisaged in the 1990s.

Mohanndi told reporters that train six of Rasgas III would come online in the first quarter of 2009 and train seven would start by the end of the same year.

Mohannadi said in December that train six would start late in 2009.

The trains, or production lines, will each have a capacity of 7.8 million tonnes a year.

The two production lines, with a project investment of around $13 billion (Dh28.6bn), will take gas from the giant North Field and cool it to liquid form for shipment to the US market.

Qatar plans to boost total production of LNG to 77 million tonnes per year in 2010, up from 31 million tonnes now. It is already the world's largest producer of LNG.

Rasgas is 70 per cent owned by Qatar Petrolem and 30 percent by US oil and gas major Exxon Mobil.  (Reuters)