Qatar launches $18bn gas project

Qatar yesterday launched a mega gas-to-liquids (GTL) project in partnership with Royal Dutch/Shell that will cost up to $18 billion, $10bn of which have already been earmarked.

“Upstream 1.6bn cubic feet of wellhead gas will be produced, transported and processed per day to produce 120,000 barrels of oil equivalent per day of condensate, liquefied petroleum gas and ethane,” the statement said.