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Japan Receives First LNG on Q-Max from QatarGas

Middle East : 20 July

Commonly known as ‘QatarGas’, Qatar Liquefied Gas Co (QLGC), exporter as well as producer of fuel, delivered its first shipment to Japan on a Q-Max vessel.

One of Q-Max’s ships, Mozah, is one of the biggest ships on the globe with a capacity of carrying 266,000 cubic-meters of fuel.

QatarGas is looking for more ports in the UK and US for Q-Max vessels amid forecasts that LNG demand in North America is going to decrease as a result of growing domestic gas production.

As stated by Qatar Gas Transport Co, by the end of 2010 they will have gained 14 Q-Max ships long term contracts.

Being one of the biggest global exporters of LNG, Qatar is working hard to improve its yearly capability to produce 77 million tons of fuel before the end of the year. This progress will be accelerated with the establishment of world’s three biggest LNG producing plants in 2010. This ambitious plans will help create more jobs in Qatar and boost the economy.

QatarGas is a joint venture between Qatar Petroleum and major oil companies such as Royal Dutch Shell Plc, Exxon Mobil, ConocoPhillips, Total SA.

Andrew Reid, Staff Writer, Gulf Jobs Market News

19 July

Ducab Clinches Second Multi-Million Dollar Deal to Supply Gas Cables

Leading cable manufacturer, Duncab, has been awarded its second contract for the Abu Dhabi Integrated Gas Development (IGD) Project. The contract, which was negotiated in Japan, is worth US$13.8-million, bringing the total worth of the two contracts it has been awarded to US$35-million.
This was confirmed following a US$20.5-million agreement between Ducab and Hyundai Engineering & [...]

19 July

Petrol is the Most Expensive in the UAE Among the GCC Countries

The latest pricing structure, announced on July 15, resulted in the UAE charging more for fuel than any other nation in the Gulf Cooperative Council (GCC). This makes the UAE the most expensive oil-rich GCC country.
This year alone, E-plus, the lowest grade of petrol available to motorists has shot up by close to 28 percent. [...]

06 July

BP Disaster May Lead to Higher Gulf Oil Production

Crescent Petroleum’s Executive Director, Badr Jafar is predicting an increase in the role of the Arabian Gulf with respect to the global supply of oil in the wake of the Deepwater Horizon Oil disaster.
Mr Jafar said that it was “unquestionable” that the Oil and Gas industry would not be subject to greater scrutiny particulary in [...]

06 July

Private Sector Investments in UAE Could Lead to More Jobs in 2010

The UAE Ministry of Economy has predicted a 9.1% growth in the volume of investments in the UAE this year, according to the Trade Arabia news service. This figure is up 3% on the 6% growth in investment attained in 2009, which was achieved with a 60% contribution from the private sector.
Abu Dhabi’s Emirates Palace [...]