Air Products to Provide New AP-X(R) Liquefaction Process Technology to RasGas II LNG Facility in Qatar
September 06 2005 - 10:59AM
PR Newswire (US)
Patented Technology's Increased Production Capacity Meets Evolving
Industry Needs LEHIGH VALLEY, Pa., Sept. 6 /PRNewswire-FirstCall/
-- Air Products (NYSE:APD) today announced the signing of an
agreement to supply its new AP-X(R) liquefaction process equipment
and technology to Ras Laffan Liquefied Natural Gas Co. Limited (II)
for Train 7 in Ras Laffan, Qatar. Air Products provides natural gas
liquefaction process technology plus key equipment, including the
main cryogenic heat exchanger for world-class process trains
producing liquefied natural gas (LNG). The feed gas will come from
Qatar's North Field, the largest offshore non- associated natural
gas field in the world, with proven natural gas reserves in excess
of 900 trillion cubic feet. The LNG process train will be rated for
7.8 million tons per annum LNG production capacity and is scheduled
to be on- stream in 2009. Air Products' AP-X LNG process production
capacity, which is 50 percent larger than any other LNG plant
currently in operation, is positioned well for a continuing market
trend toward larger LNG process trains. "This represents the sixth
AP-X process license and equipment order from Qatar Petroleum and
the second for RasGas," said Mark Modjeska, director, LNG at Air
Products. "The main cryogenic heat exchangers for RasGas II Trains
6 and 7 are the largest in the world that utilizes the AP-X LNG
process. Interest in the AP-X LNG process technology continues to
grow in Europe, Africa, the Middle East and Asia." The novel AP-X
liquefaction process provides a combination of proven Air Products
process technologies and key liquefaction equipment in a way that
provides the industry with low spigot cost, high reliability and
flexible operation as new markets are developed. A vast majority of
the total worldwide baseload LNG production capacity is produced
with Air Products' proprietary LNG technology. Air Products has
designed, manufactured and exported nearly 75 LNG main cryogenic
heat exchangers over the last 35 years. In support of the LNG
industry, Air Products provides process license and key equipment
for the baseload liquefaction process, LNG peak shavers, dry inert
gas generators for LNG carriers, shipboard membrane nitrogen
systems, membrane nitrogen and natural gas dehydration membrane
systems for offshore platforms, and land-based nitrogen plants for
the baseload LNG facility and LNG import terminals. About Ras
Laffan Liquefied Natural Gas Co. Limited (II) RasGas (II) is a
joint venture company formed in 2001 between Qatar Petroleum and
ExxonMobil RasGas Inc. (70/30 percent). The venture encompasses
production operations from Qatar's giant North Field for the
manufacture of LNG, which it exports to consumer markets in Asia,
Europe and emerging markets worldwide. By 2011, the RasGas
ventures, including RasGas (II), are expected to process and supply
more than 36 million tonnes a year of LNG to meet rising global
demand. For more information on RasGas log on to
http://www.rasgas.com/. About Air Products Air Products (NYSE:APD)
serves customers in technology, energy, healthcare and industrial
markets worldwide with a unique portfolio of products, services and
solutions, providing atmospheric gases, process and specialty gases
and equipment, performance materials and chemical intermediates.
Founded in 1940, Air Products has built leading positions in key
growth markets such as natural gas liquefaction, refinery hydrogen,
semiconductor materials, home healthcare services, and advanced
coatings and adhesives. The company is recognized for its
innovative culture, operational excellence and commitment to safety
and the environment and is listed in the Dow Jones Sustainability
and FTSE4Good Indices. The company has annual revenues of $7.4
billion, operations in over 30 countries, and nearly 20,000
employees around the globe. For more information, visit
http://www.airproducts.com/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media Inquiries: Art George, +1-610-481-1340, , or
Investor Inquiries: Phil Sproger, +1-610-481-7461, , both of Air
Products Web site: http://www.rasgas.com/ Web site:
http://www.airproducts.com/
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