It is estimated of this $33bn needed, 80% will be in equity and 20% in debt. With projects from the Asian Games in 2006 to the $2.6bn Ras Laffan aluminium smelter to the $1bn Education City, Qatar has a host of project finance on top of the LNG and civil works in progress.
Speaking at the fifth Doha Conference on Natural Gas at the beginning of March, where a number of gas initiatives were announced, Qatargas chief executive Faisal Al Suwaidi said: “Through our new ventures – Qatargas II, Qatargas III, refinery and other facilities – we will be able to increase our annual LNG capacity to over 33m tons and considerably decrease unit costs. Our aim has always been to utilise the most modern technologies to maintain the company’s leading position in the LNG industry.”
