Qatar officially unveiled what it said is the world's biggest environmental project, a $1 billion plant to capture wasted gas.

 

The Jetty Boil-Off Gas Recovery Project (JBOG) would capture enough gas to power 175,000 cars per year or 300,000 homes, Qatari officials said.

 

It also allows Qatar, the largest producer of liquefied natural gas (LNG) in the world, to recover a further 29 million cubic feet of gas per year.

 

Qatari officials said it would save the equivalent of 1.6 million tonnes of CO2 each year.

 

The JBOG project salvages gas normally lost and burnt off in a flare when the fuel is transported onto ships.

 

Officials say it will result in a 90 percent reduction in flaring at the Ras Laffan port in northern Qatar, the largest LNG export terminal in the world.

 

Instead of the wasted gas being burnt off, JBOG would collect the fuel and transport it to an area where it is compressed to be ready for use again either as LNG or fuel gas.

 

Saad Sherida al-Kaabi, Qatargas chairman, said the scheme was driven by environmental concerns, not economic factors, despite predictions that resource-rich Qatar's dominant position in the LNG market could come under increasing threat from competitors such as the United States or Australia in the next few years.

 

"This is nothing to do with it," said Kaabi. "It's a purely environmental project."