Shell’s joint-venture Qatar project postponed

21 January 2008 15:25  [Source: ICIS news]

ABU DHABI (ICIS news)--Shell Chemicals’ joint venture cracker project in Ras Laffan, Qatar, is likely to be pushed back to 2015 because of an ongoing moratorium on the development of new gas-based projects in the country, said a source close to the project on Monday.

 

Qatar is carrying out a study to assess the stability of the its North gas field.

 

“The study is likely to be completed by 2010 and that should give a clearer picture on feedstock availability,” said the source on the sidelines of the Gulf Cooperation Council (GCC) 11th Industrialists’ Conference.

 

Shell and Qatar Petroleum were earlier reported to be looking at completing the 1.3m tonne/year cracker and derivatives project in 2011-12.

 

The GCC 11th Industrialists' Conference is organised by the Gulf Organization for Industrial Consulting.

 

Saudi Arabia was a prime mover in setting up the GCC in 1981. Other members are Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

By: Malini Hariharan
+65 6780 4359

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