Qatar's huge liquefied natural gas projects Rasgas and Qatargas will have a combined cost of $56 billion when they are completed in 2012, the country's energy minister said.
Rasgas will cost $26 billion, while Qatargas will cost $30 billion, Energy Minister Abdullah Al Attiyah told QNA news agency. He did not say whether the costs had risen from previous estimates.
On Tuesday, Qatar Petroleum and Exxon Mobil dropped plans to build a multi-billion gas-to-liquids plant in Qatar due to spiraling costs.
Al Attiyah said that LNG output from the two projects was on target to rise to 47 million tonnes in 2008. Qatar is aiming for LNG exports of 77 million tonnes in 2010.
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