DOHA: Officials in Qatar this morning are celebrating the opening of a new refinery in Ras Laffan that will boost the country’s ability to process natural gas.
The $1.5 billion Laffan Refinery 2 (LR2) processes some 146,000 barrels per day of condensate from the North Field. This is the single largest natural gas reserve in the world.
This effectively doubles capacity when working in tandem with LR1, which has been operating since 2009. Production at the new plant actually began in December. But the refinery is being formally inaugurated by Qatar’s Emir today during an event at the Qatar National Convention Center.