LNG_Nakkilat The relationship we've had with Qatar and with Nakkilat in particular has been one of the most satisfying I’ve had in my professional career. The vision which the leadership in Qatar brought to this project to imagine that they would transform the structure of the industry, innovate with the largest and most modern new ships in the world, and -just by the by brilliant- two completely new categories of ships, and then do it, and finance it within a period of two to three years. That is stunning on any scale. And you really look to almost wartime comparisons in shipbuilding to achieve these sorts of objectives. We at Shell are really proud to be partners in this extraordinarily exciting enterprise. LNG is clearly the fuel of the future and LNG shipping is central to that success. In our current operation we are managing 25 of these world leading LNG carriers and four LPG ships for our partners in Qatar. But this is only the beginning of the story, because we're looking forward progressively to transferring those ships to Nakkilat, and fostering a world leading LNG shipping company. Shell and Qatar are co-operating on the Qatargas 4 project in Ras Laffan. We are building a world scale LNG facility which will access markets in US, China and the UA. So Qatar are the owners of the resources; very important. And we at Shell are very privileged to be able to work with Qatar to develop these resources and bring them to market. The three receiving terminals that we are looking to take Qatargas 4 volumes to are Elba Island in the USA. Elba Island is slightly ahead of schedule. Marine facilities are already complete, ready to take Q-Flex and Q-Max size vessels; today one of the few ports in the world that can take Q-Max. The storage tank and the vaporisers are well underway to construction. And we expect that by the time Qatargas 4 is ready for production, Elba Island will be up and ready and ready to receive those volumes. The PetroChina receiving terminals in Dalian and Jiangsu; they are also well on track. This is the first two receiving terminals that PetroChina have constructed. The final one is perhaps the most interesting, which is the Dubai regasification terminal. The floating component of that has just come out of the shipyard in Singapore, has been converted into the terminal with all the re-gas facilities and all the additional equipment that needs to be installed on there. The marine part of that terminal is well ahead of schedule. I have worked in the LNG business for Shell for over 10 years and in many, many different locations, and I can quite honestly say that the relationship that Shell has with our Qatari stakeholders here in Doha is the best I have ever seen. We complement each other and I think the strengths that we bring to the table with our experience and our market reach, combined with the focus on value that Qatar has; I think it's a great partnership. And I am extremely honoured to be able to be part of that.
Pages to are hidden for
"lng nakkilat"Please download to view full document