Qatar Company For Oil, Royal Shell establish Qatar Gaz-4

Qatar Company For Oil and Dutch Royal Shell oil company initialized an agreement for establishing a liquid natural gas project in Qatar under the name of "Qatar Gas- 4."

The project includes the establishment of installations to produce daily 1.4 billion cubic meters of gas from the north field, and installing a line to produce 8 million tons of liquid gas annually for 25 years. The projects is at a cost between 6 to 7 billion dollars.

The Qatar Gas-4 draft agreement includes shipping natural gas to certain markets in north America and Europe. Shipments are expected to start as from the beginning of 2010.

Linda Cook, the executive director for gas and energy in the group of Royal Dutch Shell companies explained in a statement to al-Jazeera TV that the Qatar Gas- 4 project is considered an important addition to the country's investments in the field of liquid natural gas.

She indicated that the company expects liquid gas sector in the group to grow at a rate of 14% annually. In the course of the inclinations by the group to expand its investments in the sector of liquid gas, Qatar Gas-4 will constitute another step in its future plans.