(MENAFN- The Peninsula) Qatargas has issued its 2014 Sustainability Report, covering the company's economic, environmental and social performance. The report, which is the fifth Sustainability Report of Qatargas, includes historical performance data, coverage of progress made in 2014 and looks ahead at our future activities.
A key feature of the 2014 report is a description of how Qatargas moved closer to its 2015 vision of becoming the world's premier LNG company indicating the 2014 progress in all key performance indicators of the vision's five major pillars which are; Safety, health and environmental performance; Customer satisfaction; A high caliber, diverse workforce; Efficient and reliable operations; Financial performance.
The report also contains an overview of the LNG market in 2014 and a graphic illustration of the Qatargas value chain - from the well-head, off-shore Qatar, to our customers all around the world.
Some of the Company's key performance highlights in 2014 include completion of the $1bn Jetty Boil-off Gas Recovery project, 100 percent reliable deliveries, 80 percent of procurement awards made locally, 34 percent reduction in flaring, 21 percent reduction in recordable injuries, six percent reduction in greenhouse gas emissions, and zero significant spills. It also talks about a significant rise in employee training and a continued increase in our community investment budget.
Improvements in health and safety performance position Qatargas as a sector leader, but work remains in order to achieve an incident and injury free workplace. Qatarization also remains an ongoing priority with 24 percent of the workforce made up of Qatari nationals in 2014, almost half way towards the 2020 target of 50 percent.
In preparing this report Qatargas has used national and international reporting guidelines provided by the Global Reporting Initiative (GRI), International Petroleum Industry Environmental Conservation Association (IPIECA)/ American Petroleum Institute (API) and International Oil and Gas Producers Association (OGP), and the Qatar Energy and Industry Sector Sustainability (QEISS) Programme.
Qatargas, established in 1984, pioneered the Liquefied Natural Gas (LNG) Industry in Qatar. Today, Qatargas is the largest LNG producing company in the world, with an annual LNG production capacity of 42 million tonnes per annum (MTA).
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