February 23, 2005 Lehigh Valley, Pa.
Air Products (NYSE:APD) today announced the signing of an agreement to supply its new AP-X™ liquefaction process technology to Ras Laffan Liquefied Natural Gas Co. Limited (II) for Train 6 at the RasGas II facility located in Qatar. Air Products provides natural gas liquefaction process technology, main cryogenic heat exchange equipment, plus other key process equipment components in the AP-X process for world-class process trains producing liquefied natural gas (LNG).
The LNG process Train 6 at the RasGas II facility will be rated for an annual LNG production capacity of approximately 7.8 million tons per year (MM TPY). The RasGas II facility is scheduled to be on-stream in 2008. The feed gas will come from Qatar's North Field, the largest offshore non-associated natural gas field in the world, with proven natural gas reserves in excess of 900 trillion cubic feet (tcf).
Air Products' AP-X LNG process production capacity, which is 50 percent larger than any other LNG plant currently in operation, is positioned well for a continuing market trend toward larger LNG process trains. "This novel AP-X liquefaction process provides a combination of proven Air Products process technologies and key liquefaction equipment in a way that provides the industry with low spigot cost, high reliability and flexible operation as new markets are developed," said Mark Modjeska, general manager, Worldwide Equipment at Air Products. "RasGas II is the second company to license the AP-X LNG process and purchase the AP-X LNG equipment. Interest from others in this state-of-the-art LNG process technology continues to grow."
A vast majority of the total worldwide baseload LNG production capacity is produced with Air Products' technology. Air Products has designed, manufactured and exported over 70 LNG heat exchangers over the last 35 years. In support of the LNG industry Air Products provides process license and equipment for the baseload liquefaction process, dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, membrane nitrogen and natural gas dehydration membrane systems for offshore platforms, and land-based nitrogen plants for the baseload LNG facility and LNG import terminals.
About Ras Laffan Liquefied Natural Gas Co. Limited (II)
RasGas II is a Qatari joint venture company between Qatar Petroleum and ExxonMobil RasGas Inc., a wholly-owned subsidiary of ExxonMobil Corporation. RasGas II was established for the purpose of expanding existing LNG production facilities owned by its affiliate Ras Laffan Liquefied Natural Gas Company Limited. For more information, visit www.rasgas.com.
About Air Products
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.