ConocoPhillips (COP)

[OilStockReport]

The first cargo of liquefied natural gas from the Qatargas 3 joint venture has been shipped, ConocoPhillips said today.
Upstream staff 01 December 2010 22:56 GMT
The cargo left Qatar on a QMax LNG ship for the Canaport LNG terminal in St John, New Brunswick, Canada.

A ConocoPhillips spokesman said the ship holds about 266,000 cubic metres of LNG, but said he was unsure of the cargo's exact size.

ConocoPhillips chief executive Jim Mulva said the shipment would help Qatar reach its LNG production target of 77 million tonnes per annum.

The Qatargas 3 venture was formed in 2005 between state-owned Qatar Petroleum, ConocoPhillips and Japan’s Mitsui.