Air Products To Provide New AP-X™ Liquefaction Process Technology To Rasgas II LNG Facility In Qatar

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February 23, 2005

Air Products (NYSE:APD) today announced the signing of an agreement to supply its new AP-X™ liquefaction process technology to Ras Laffan Liquefied Natural Gas Co. Limited (II) for Train 6 at the RasGas II facility located in Qatar. Air Products provides natural gas liquefaction process technology, main cryogenic heat exchange equipment, plus other key process equipment components in the AP-X process for world-class process trains producing liquefied natural gas (LNG).

The LNG process Train 6 at the RasGas II facility will be rated for an annual LNG production capacity of approximately 7.8 million tons per year (MM TPY). The RasGas II facility is scheduled to be on-stream in 2008. The feed gas will come from Qatar's North Field, the largest offshore non-associated natural gas field in the world, with proven natural gas reserves in excess of 900 trillion cubic feet (tcf).

Air Products' AP-X LNG process production capacity, which is 50 percent larger than any other LNG plant currently in operation, is positioned well for a continuing market trend toward larger LNG process trains. "This novel AP-X liquefaction process provides a combination of proven Air Products process technologies and key liquefaction equipment in a way that provides the industry with low spigot cost, high reliability and flexible operation as new markets are developed," said Mark Modjeska, general manager, Worldwide Equipment at Air Products. "RasGas II is the second company to license the AP-X LNG process and purchase the AP-X LNG equipment. Interest from others in this state-of-the-art LNG process technology continues to grow."

A vast majority of the total worldwide baseload LNG production capacity is produced with Air Products' technology. Air Products has designed, manufactured and exported over 70 LNG heat exchangers over the last 35 years. In support of the LNG industry Air Products provides process license and equipment for the baseload liquefaction process, dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, membrane nitrogen and natural gas dehydration membrane systems for offshore platforms, and land-based nitrogen plants for the baseload LNG facility and LNG import terminals.


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