Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics.
Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains to deliver to LNG global markets. The research will be conducted at the Qatar Shell Research & Technology Centre at the Qatar Science & Technology Park.
The MOU was signed by Faisal Al Suwaidi, Chairman and Chief Executive Officer of Qatargas Operating Company, and Andy Brown, Managing Director of Pearl GTL and Qatar Shell Country Chairman.
Faisal Al Suwaidi said:“We are pleased to be able to be a partner with Shell in this research project. As a company we are committed to innovation and operational excellence. This research partnership we hope will develop and enhance our logistics and supply chain capabilities to allow Qatargas to deliver energy to our customers in the most effective and efficient manner possible as we grow and expand into almost every LNG market.”
Andy Brown said: “Qatargas is set to become the world’s premier LNG producer, and Shell is a pioneer in LNG spanning five decades. Therefore, it is of significant importance that Shell and Qatargas work together on this research topic to optimise LNG supply chains in the ever-more complex LNG markets. This new research compliments the work we are already doing at the science park on upstream and GTL technologies. It also reinforces Shell’s commitment to help develop Qatar’s research capabilities.”
Shell is a shareholder in Qatargas 4 LNG project currently under construction in Ras Laffan Industrial City.
Some 20 Shell scientists and engineers from Qatar and around the world are engaged in research at the Qatar Shell Research & Technology Centre at the science park. The facility has over 35 staff in total.
Shell is committed to a substantial expenditure of up to US$100 million over a 10-year period on a world-class technology innovation and development programmes at the science park.