RasGas signs deal with GE
RasGas Company has signed a multi-million, multi-year service agreement with GE Energy for LNG Trains Six and Seven and Al Khaleej Gas Plant Two at RasGas' LNG and Sales Gas production complex in Ras Laffan Industrial City, Qatar, to expand its role as one of the world's leading suppliers of liquefied natural gas (LNG).
The project supports Qatar's strategy to become the world's leading supplier of LNG.
An LNG train is a chain of equipment, including a gas turbine, which is used to convert natural gas to liquid form. This process reduces the volume of the gas, making it easier to ship large quantities of LNG to help meet growing energy demands in locations around the world.
The new contractual service agreement (CSA) follows similar agreements previously signed for RasGas LNG Trains One to Five and Al Khaleej Gas Plant-One, and brings GE's total services commitment at the site to $1 billion (Dh3.6bn).
Hamad Rashid Al Mohannadi, RasGas Managing Director, said: "The latest service deal builds upon the strong relationship that we have forged with GE Energy over the years. It is critical for us to have access to proven technology and world-class services that are customised for our specific needs, allowing us to maintain the reliability of our LNG and gas production. This deal will also support us in continuing to provide our clients around the world with clean, efficient energy."
Over the next few years, RasGas plans to begin supplying LNG to a range of new customers around the world, possibly including the United States, following the start-up of Train Six, and Asia following the start-up of Train Seven. Engineering and construction work for Trains Six and Seven began in 2005. Train Six is scheduled to come on line in 2008 and Train Seven in 2009.
The new CSA will cover six GE Frame 9E gas turbines, and seven GE Frame 6B gas turbines to be used for compression and power generation service on Trains Six and Seven and AKG-Two plant. In total, the GE CSA for Trains One to Seven and AKG One and Two cover 35 gas turbines at the site for a period of 24 years.