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BASF SE

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BASF : Qatargas confirms technology licence deal with BASF

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04/18/2019 | 04:35am EDT

The leading LNG company, Qatargas, has agreed a technology licence agreement with chemicals giant, BASF, for the North Field Expansion Project in Qatar, according to Gas World.

BASF is providing two technologies through the agreement, for both gas treatment and removal under the brand OASE and Flexsorb to assist in the arrival of four new LNG trains in Qatar.

As an important part of the production of LNG, gas removal and treatment technology eliminates impurities like carbon dioxide and hydrogen sulphide from the natural gas stream in order to enable the subsequent liquefaction process to occur.

Andreas Northemann, Vice-President of BASF Gas Treatment, commented: We are proud to support Qatargas in meeting its sustainability goals by providing our technologies. Over the next few years we will work very closely with Qatargas to achieve optimal results.

Qatargas agreement was completed on behalf of Qatar Petroleum with four new LNG mega trains making up Qatars North Field Expansion Project.

(c) Publishing Rights Reserved to Bahrain News Agency 2003 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2019 65 220 M
EBIT 2019 6 275 M
Net income 2019 4 245 M
Debt 2019 18 561 M
Yield 2019 5,26%
P/E ratio 2019 13,13
P/E ratio 2020 11,84
EV / Sales 2019 1,16x
EV / Sales 2020 1,10x
Capitalization 56 881 M
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Number of Analysts 25
Average target price 73,2 €
Spread / Average Target 18%
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Martin Brudermüller Chairman-Executive Board
Jürgen Hambrecht Chairman-Supervisory Board
Hans-Ulrich Engel Chief Financial Officer & Vice Chairman
Michael Diekmann Vice Chairman-Supervisory Board
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