QP inaugurates $1bn JBGR Project
Project will salvage 29bn cubic feet of gas a year
Qatar's $1bn Jetty Boil-off Gas Recovery (JBOG) Project was officially inauguated today under the patronage of the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani.
The JBOG Recovery Project, which is part of the Common Facilities Projects at Ras Laffan Industrial city, will collect boil-off gas from LNG ships and compress it at a central facility.
The compressed gas will then be sent to the LNG producers to be consumed as fuel or converted back into LNG. The project,
when fully operational, will recover the equivalent of some 600,000 tonnes of Liquefied Natural Gas (LNG) a year- enough to
power more than 300,000 homes, Qatargas, which is also involved in project said in a statement.
As much as 750MW of power can be generated from the recovered gas and used to feed Qatar's rising electricity demand, the statement added.
“We don’t have an expectation of an economic return from the project, but we will benefit from the recovered gas,” Saad Sherida al-Kaabi, Qatar Petroleum’s chief executive officer, was reported as saying by Bloomberg at the inauguration ceremony.
The Recovery Project will also help the Gulf Arab state to reduce its carbon emissions, with around 1,600,000 tonnes of carbon dioxide expected to be saved per year.
To illustrate the scale of its efficiency, Qatargas estimated that 4mn acres of rainforest trees would be needed to capture the amount of CO2 being reduced by JBOG Project.
With its 100mn cubic feet of daily natural gas capacity, the project is the world's biggest of its kind.
The JBOG is 70% owned by Qatar Petroleum, with Exxon Mobil, Total, Royal Dutch Shell and ConocoPhillips also having stakes.