Royal Dutch Shell PLC (RDSB.LN) said Monday it has shipped the first cargo of gasoil manufactured from natural gas at its flagship Pearl Gas-To-Liquids plant in Qatar.
Royal Dutch Shell PLC (RDSB.LN) said Monday it has shipped the first
cargo of gasoil manufactured from natural gas at its flagship Pearl
Gas-To-Liquids plant in
Qatar
.
The sale of the first cargo from
Pearl
is an
important milestone for Shell.
Pearl
is
Shell's most expensive project and will be by far the largest GTL plant in the
world when it reaches full production. It is also expected to be highly
profitable because oil products like gasoil currently sell at very large
premium over natural gas.
"Over the coming months, production will ramp up from the first production
unit of the Pearl GTL project," said Shell in a statement. "The
second train is expected to start up before the end of 2011. The plant is
expected to reach full production capacity by the middle of 2012."
At full capacity,
Pearl
is
expected to produce 1.6 billion cubic feet of gas per day from
Qatar
's
North Field, which will be processed to deliver 120,000 barrels per day of
condensate, liquefied petroleum gas and ethane, and 140,000 barrels per day of
high quality gas-to-liquids fuels and lubricants.
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