Qatargas 2 project finance pdf

Qatargas has announced successful startup of its plateau maintenance project, which ensures the top lng producer, maintains its qatargas 1 production capacity at 10mn tonnes. Technip has signed with qatar liquefied gas company limited 3 qatargas 3 and the sponsors of the qatargas 4 project qatargas 4 a contract for two of the worlds largest liquefied natural gas lng trains. Time will tell if this result signifies a permanent shift in the firms ranking. Qatargas invites stakeholders to share their questions, comments, and concerns. Rbc financial groupthe equator principles in qatargas ii. How project finance was structured for the lng projects in the past any difference by region or change over time, and why. It includes two world class lng mega trains train 4 and train 5 each with a capacity of 7. It is owned and operated by qatar liquefied gas company qatargas, a specialpurpose vehicle established to build, own and operate the lng plant. Qatargas 2 is a fully integrated north field lng project, inclusive of reservoir development, wellhead production, gas liquefaction, storage and loading. The first megatrain the first train at the qatargas 2 project, inaugurated by the emir in april was around 18 months late. Deals of the year, 200020 structured finance division. The offshore accommodation expansion project was initiated to cater for the changes in the operational requirements following various expansion projects.

Lecture on project finance project finance leverage. First projects are likely to be equity financed but project financing should be able to follow on if the appropriate structure was to be. Qatar gas iii and iv lng project hydrocarbons technology. Financing strategies for lng export projects april 20 4 other large. It was developed as a full supply chain project for the uk gas market, involving integration between lng supply, shipping and regas projects. The second train at qatargas 2 started up in september. Financing strategies for lng export projects usaee. The qatargas 3 commercial overview outlines the project development and commercial structure. Importance of coordinating project agreements and financial agreements. Qatar gas ii project, ras laffan hydrocarbons technology. Rbc financial groupthe equator principles in qatargas ii lng project case analysis, rbc financial groupthe equator principles in qatargas ii lng project case study solution, rbc financial groupthe equator principles in qatargas ii lng project xls file, rbc financial groupthe equator principles in qatargas ii lng project excel file, subjects covered energy.

The qatargas 4 project in qatar is a 1train lng development operated by qatargas on behalf of the shareholders. It was developed jointly with qatargas 4, and both projects include identical 7. Abstract in december 2004, the qatargas ii joint venture between qatar petroleum70% and. Qatargas economic, environmental, and social performance during the year. Qatargas is a premier long term lng supplier with reliable and available supply today page 16 conclusions and qatargas will continue to meet the markets needs. These estimates are then compared with estimates including cost reductions through externai finance gearing. Qatargas 4 commercial overview report wood mackenzie. Longer term, greater uncertainty surrounds the supplydemand balance the market will remain tight unless planned projects pass all hurdles and are built on time 3. The original nfb accommodation, installed in 1995, was designed for the operational needs of qatargas trains 1 and 2. The qatargas 3 project in qatar is a 1train lng development operated by qatargas on behalf of the shareholders.

Qatargas 3 commercial overview report wood mackenzie. The qataras4 commercial overview outlines the project development and commercial structure. Pdf methods of financing of projects and oil and gas projects of. London, march 14 reuters the startup of the qatargas ii liquefied natural gas lng project is expected in the second quarter of 2008, qatar petroleum executive saad sherida alkaabi said on. Qatargas state of qatar joint venture agreement 30% 70% contractors contractors contractors lng lng payments debt service. It produces and supplies the globe with 42 million metric tonnes of lng annually from across its four ventures qatargas 1, qatargas 2, qatargas 3, and qatargas 4.

Meanwhile, the first train at rasgas 3 came on stream in august. Qatargas 3 and qatargas 4 lng projects break ground and. This makes qatargas the largest lng producer in the world. Financing lng projects and the role of longterm sales. Scribd is the worlds largest social reading and publishing site. Records were set by qatargas 2 and rasgas 2 3 for size and debt load. It explores the key issues facing the project, details the contracts and contains plant and field location maps and an fob breakeven analysis. Qatar stays top draw for banks petroleum economist. And now the state of the global bond market means further bond issuance in the programme. Commercial agreements and financing for qatar gas iv closed in july 2007. Qatargas is a unique global energy operator in terms of size, service and reliability. Lng output surge of 43% by 2024 to drive qatars next. Qatargas announced the signing of a new, long term liquefied natural gas lng sale and purchase agreement spa with shell to deliver 1 million tons per annum of lng to the state of kuwait, commencing this year. Rbc was a potential participant in a syndicated loan for a project financing venture in qatar.

The company operates 14 liquefied natural gas lng trains with a total annual production capacity of 77 million tonnes. The qatargas 2 project in qatar is a 2 train lng development operated by qatargas on behalf of its shareholders. Lng project financing started to take off in the mid1990s with the financings of qatari and omani lng projects, but jumped up a notch in 2004. Qatargas project management team has been working on detailed engineering design and procurement activities in technips paris office. Project finance involves the creation of a largely independent project company financed with equity from one or more. The ichthys lng project is the most highprofile partnership between total and inpex to date, but our relationship actually dates back to the 1960s. Overcoming crossborder financing challenges gas projects in east asia may 20.

It is headquartered in doha, qatar, and maintains its upstream assets in ras laffan, qatar. The qatar liquefied gas company qatargas established its own liquefied natural gas lng plant to market what the product generated by the worlds largest natural gas reserve. The projects will benefit from the qatar gas ii studies and will have shared. Natural gas is supplied to qatargas s lng trains from. How pf arrangement would evolve in the future, reflecting the developments of the underlying lng business environment 3. The qatargas 4 project started production in january 2011 and its first cargo was shipped to india in february 2011.

The qatargas project kohei hashimoto, jareer elass and stacy eller december 2004 prepared for the geopolitics of natural gas study, a joint project of the program on energy and sustainable development at stanford university. Qatargas invites stakeholders to share their questions, comments, and. The phase two of alkhaleej gas akg 2 project, launched in july 2006, will further contribute in the rapid monetization of the countrys huge gas reserve, the akg 2, scheduled to start up in the second half of 2009, will supply natural gas to domestic markets while recovering associated condensates and natural gas liquids. Qatargas 3 and qatargas 4 lng projects break ground and target growing gas markets in the qatargas 3 and qatargas 4 lng projects break ground.

This report has been prepared in accordance with the global reporting initiative gri standards. The environmental manager at the royal bank of canada rbc has finally received the detailed environmental and social risk assessment of the qatargas ii lng project. The qatargas 2 qg2 project was the worlds first fully integrated value chain lng venture. Project finance key transaction terms borrower ichthys lng financing type project finance. As the worlds premier lng company, qatargas has an established history in delivering such major projects and in operating various onshore and offshore facilities in the north field with a high degree of reliability and operational excellence. Qatar limits lng project delays and proves apx technology. Train 5 is getting ready for the commissioning and start up phases. Qatargas is entrusted with executing this mega project on behalf of qatar petroleum. Pdf in this research, we consider the financial procedure of projects plan in the. Project finance, debt ratio, longterm contracts, liquefied natural gas. Qatargas is the worlds largest liquefied natural gas lng company. The qatargas 2 liquefied natural gas lng project financing, which closed late in 2004 set a new benchmark for major energy deals. The project is well on the way to achieving expected start up by august 20, becoming another link in the chain leading to qatargas. Under the 22year agreement, which ends in 2040, qatargas will supply lng from the qatargas 2 project, a joint venture between qp, exxonmobil and total, to.

Rbc financial groupthe equator principles in qatargas ii lng project case solution,rbc financial groupthe equator principles in qatargas ii lng project case analysis, rbc financial groupthe equator principles in qatargas ii lng project case study solution, environmental manager of the royal bank of canada rbc, finally got a detailed environmental and social assessment of project. Qatargas ii lng project startup seen in q2 2008 reuters. The qatargas2 commercial overview outlines the project development and commercial structure. Lecture on project finance free download as powerpoint presentation. Section 2 gives an overview on project finance in the lng industry.

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