THE BARZAN GAS PROJECT WILL PLAY A CRITICAL AND STRATEGIC ROLE IN SUSTAINING THE HIGH GROWTH RATE OF THE QATARI ECONOMY
On 6th January 2011, Qatar Petroleum and ExxonMobil signed agreements confirming the Barzan Gas Project, which will play a significant role in meeting Qatar’s rising domestic gas demand. RasGas is managing the construction of the new plant and will operate it once it is complete. The project is a powerful step forward in Qatar’s overall industrial and human development, in line with the Qatar National Vision 2030.
Demand for energy in Qatar will grow over the next decade as a new airport and seaport are built, as major initiatives are completed in the transport, health and education sectors, and as new facilities are built for the FIFA World Cup in 2022.
The drilling platform to supply the Barzan Gas plant will be located 80 kilometres north-east of Ras Laffan Industrial City, with onshore and offshore facilities to be completed by JGC of Japan and Hyundai Heavy Industries of South Korea respectively. The project itself will be developed in two phases: Train 1 will come on stream in 2014, with Train 2 following in 2015. Together they will supply around 2 billion standard cubic feet per day of sales gas. Much of this production will be directed to the power and water sector.
When Barzan Gas Trains 1 and 2 are in operation, the total offshore production from all RasGas-operated facilities will reach around 11 billion standard cubic feet per day (the equivalent of almost 2 million barrels of oil), making RasGas the largest gas producer in Qatar.