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LNG UK BoundQatar Petroleum and Exxon Mobil Corporation have signed a Heads of Agreement (HOA) for the supply of Liquefied Natural Gas (LNG) from Qatar to the United Kingdom. The HOA covers the development of two LNG trains which are expected to be the largest ever built by industry. The feed gas for these trains will be sourced from Qatar's giant North Field, which has proven natural gas reserves in excess of 900 trillion cubic feet. Although who will design the LNG trains has not yet been revealed to Contractors Unlimited, the LNG trains will be built at the Ras Laffan Industrial City in Qatar. LNG shipments to the UK are scheduled to begin in the 2006/7 and extend over 25 years. ExxonMobil is currently investigating a number of potential sites in the UK for the import facility that will receive the LNG. The project will supply the first LNG imports to the UK in 20 years. UK indigenous gas supplies are expected to decline in the near future, and by the end of this decade a shortfall is anticipated that will have to be met from other sources such as LNG imports. |