A little tidbit on LNG. If you ever see the Ras Laffan bonds (Aa2/A rated 4.5% '12 and 6.325% '27) around, they are a very solid (if illiquid) credit. A great way to play LNG and the early LNG trains of Ras Laffan.
Qatar gathered chief executives from the biggest energy companies to celebrate reaching an annual production capacity of 77 million tons of liquefied natural gas, underscoring its rank as the world’s largest LNG exporter.
The Persian Gulf state may further increase its capacity by as much as 10 million tons a year if it can improve efficiency at its production units, Energy Minister Abdullah al-Attiyah told reporters. Exxon Mobil Corp.’s Rex Tillerson, Royal Dutch Shell Plc’s Peter Voser and ConocoPhillips’ Jim Mulva were among the executives attending the ceremony at the Qatari industrial city of Ras Laffan yesterday.
Qatar Liquefied Gas, known as QatarGas, is a venture between state-run Qatar Petroleum,Exxon Mobil, ConocoPhillips, Total SA and Shell. Another company, Ras Laffan Liquefied Natural Gas Co., started its seventh and final LNG production unit earlier this year. RasGas, as this company is known, is a venture between Qatar Petroleum and Exxon Mobil.
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