Doha, November 03 (QNA) – Qatargas has been awarded the prestigious “Award for Excellence in Flaring Reduction” by the World Bank led Global Gas Flaring Reduction Partnership (GGFR) at a high-profile gala ceremony in London.
The World Bank led initiative, the GGFR, is a globally recognized flare mitigation program within the oil and gas industry. It brings together representatives of governments, state-owned companies and major international companies so they can overcome the barriers to reducing gas flaring by sharing global best practice and implement country specific programs.
Sheikh Khalid bin Khalifa Al-Thani, Chief Executive Officer at Qatargas, said, “We are delighted to win this prestigious award which bears testimony to our adherence to operational excellence and high environmental performance and stewardship. It shows our approach to flare management is seen internationally as being in the top category of performance and is particularly relevant as Qatar will shortly be hosting the international climate negotiations, the Conference of the Parties (COP18).”
Sheikh Khalid bin Abdullah Al-Thani, Chief Operations Officer Engineering & Ventures at Qatargas, who collected the award on behalf of Qatargas, continued, “Our key drivers to minimize flaring include our desire to reduce our carbon footprint and also achieve operational excellence. We are currently leading one of the largest entirely environmentally-friendly based projects in the world to recover gas being flared during the Liquefied Natural Gas (LNG) ship loading at Ras Laffan Port. The $800 million Jetty Boil-Off Gas (JBOG) Recovery Project will enable boil-off gas to be collected from LNG ships and compressed 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 JBOG Project is a cornerstone of Qatargas’ overall flare management and reduction strategy and will be instrumental in our drive to reduce and maintain total flaring at regulatory target levels in the long-term to protect the environment. The project will recover enough natural gas per year to power the equivalent of more than 40,000 homes,” concluded Sheikh Khalid bin Abdullah Al-Thani. (QNA)