Qatar Officially Inaugurates $1 Bn Gas Recovery Project
Qatar on Wednesday officially unveiled a $1 billion project to capture wasted gas, reported news agency AFP.
The Jetty Boil-Off Gas Recovery Project (JBOG) will allow Qatar to recover a further 29 million cubic feet of gas per year.
The main shareholders of the JBOG project are Qatar Petroleum, ExxonMobil, Total, ConocoPhillips and Shell, while the facilities are operated by Qatargas and RasGas, the two largest LNG producers in the world.
This $1bn environmental project is designed to eliminate flaring at the LNG terminal.
The JBOG facilities started up successfully during the first week of October, Qatargas said in November last year adding around 100 million standard cubic feet per day of natural gas which used to be burnt and wasted during LNG ship loading is now being recovered and utilized in the LNG production plants as fuel.
Officials say it will result in a 90 per cent reduction in flaring at the Ras Laffan port in northern Qatar, AFP reported.
According to the Qatargas, over a period of 30 years the JBOG project will save nearly one trillion cubic feet of gas for Qatar.