RasGas II to charter LNG carriers from Maran Gas

By OGJ editors
HOUSTON, Oct. 13 -- Ras Laffan LNG Co. Ltd. II, (RasGas II) signed time charter agreements Sunday with newly formed Maran Gas Maritime for the 20-year charter of four LNG vessels to deliver LNG from Ras Laffan Industrial City to various markets, particularly in Europe.

The 145,700 cu m capacity carriers, which will be delivered between November 2005 and June 2008, will be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd. in South Korea.

Qatar Gas Transport Co. Ltd. and Maran Gas also signed a letter of intent allowing Maran to assume as much as 30% equity ownership in each of the new carriers. Maran Gas is a member of the Angelicousis group of companies in Qatar.

RasGas II and Ras Laffan LNG Co. Ltd. are joint ventures of Qatar Petroleum Co. and Mobil QM Gas Inc.

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