Qatar's national oil and gas company Qatar Petroleum has decided not to renew the Qatargas Liquified Natural Gas Company (QG1) joint venture (JV) and to take full ownership of QG1 upon the expiry of the JV agreement on 31 December 2021. QC1 was set up in 1984 and groups together Qatar Petroleum (65%), ExxonMobil (10%), Total (10%), Marubeni and Mitsui (7.5% each). QG1 operates three 3.3 Mt/year (4.5 bcm/year) LNG trains located in Ras Laffan and commissioned between 1996 and 1998.
Qatar Petroleum also owns majority stakes in the other liquefaction trains at Ras Laffan: 70% in train 4 and 65% in train 5 (Qatargas II), 68.5% in train 6 (Qatargas III), 70% in train 7 (Qatargas IV) rated 7.8 Mt/year each, 63% in Ras Laffan I (two 3.3 Mt/year trains), 70% in Ras Laffan II (three 4.7 Mt/year trains) and 70% in Ras Laffan III (two 7.8 Mt/year trains). In addition, Qatar Petroleum plans to add 6 new liquefaction trains at the North Field, with a combined capacity of 48 Mt/year by 2027.