Qatar Petroleum will not be renewing its Qatargas Liquefied Natural Gas Co. Ltd (QG1) joint venture with affiliates of Total SE, ExxonMobil Corp., Marubeni Corp., and Mitsui Group when it expires Dec. 31, 2021. Qatar Petroleum will become QG1’s sole owner.
QG1 produces 10 million tonnes/year of LNG from three trains. The QG 1 trains also produce about 51,000 b/d of condensate.
The joint venture ships primarily to Japan and Spain, using 11 135,000-cu m LNG carriers.
QG1 was established in 1984 and exported Qatar’s first LNG cargo. Chubu Electric was QG1’s foundation customer.