May 23 (Bloomberg) -- Qatar Liquefied Gas Co., the world’s biggest LNG producer, shut one of its seven production plants for maintenance, two people with knowledge of the work said.
QatarGas halted so-called Train 3 on May 21 for 15 days, said the people, who asked not to be identified because they aren’t authorized to speak to the media. A QatarGas official didn’t immediately reply to an e-mail seeking comment and didn’t answer a call today to his telephone.
The train is one of Qatar’s smallest and oldest LNG plants, with capacity to produce 3.2 million metric tons of the fuel a year. QatarGas’ largest train can produce 7.8 million tons a year. Train 3 supplies Tokyo Gas Co., according to data compiled by The International Group of Liquefied Natural Gas Importers.
LNG plant shutdowns in Qatar, the world’s largest producer of the fuel, can affect spot prices around the world. The shutdown comes as LNG prices in Asia rose to $14.35 per million British thermal units in the seven days through May 20, according to data from World Gas Intelligence, an industry publication. LNG increased from $14.30 mmBtu in the two previous weeks, when the price was at its lowest level since November, the data show. Qatar can produce 77 million tons of the fuel a year, almost a third of global supplies.
Ras Laffan Liquefied Natural Gas Co., another Qatari LNG producer, resumed output from its Train 4 early last week after shutting the unit in April, two people familiar with that work said today.
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