RasGas was established in 1993 to produce LNG and other related hydrocarbon products from Qatar’s huge offshore field, North Field.

Discovered in the early 1970s, with estimated reserves of over 900 trillion standard cubic feet of recoverable gas, Qatar’s North Field is the largest offshore non-associated natural gas field in the world. 
It covers a total of 6000 sq.km. and extends from slightly onshore to continue all the way North to the three contract areas, i.e. RasGas (RG), QatarGas (QG) and North Field Alpha (NFA).
Development in the North Field commenced in 1991 with the NFA complex, operated by Qatar Petroleum.
Ras Laffan Liquefied Natural Gas Company Limited (II) was established in 2001 by Qatar Patroleum (70 per cent) and ExxonMobil (30 per cent) to construct and own the offshore and onshore facilities required to supply LNG to Petronet, Edison Gas and future customers.
RasGas Company Limited was formed by QP (70 per cent) and ExxonMobil (30 per cent) in 2001 to assume responsibility for providing a full range of operations and maintenance management services to the owners of LNG Trains 1 and 2, the owners of LNG Train 3 and future expansion facilities.
The RasGas 2 project recently signed a sales and purchase agreement with Distrigas-Europe for the export of LNG to Belgium.
The agreement projects the export of 2 million tonnes of LNG annually via the Zeebrugge terminal in Belgium.
MILESTONES
A decade of milestones 1993 - 2002
October 1993
RasGas was established as the Ras Laffan Liquefied Natural Gas Company Limited.
October 1995
RasGas and Kogas signed a 25-year Sale and Purchase Agreement.
December 1996
Finalised arrangements for $2.55 billion loan facilities.
June 1997
RasGas and KOGAS agreed to increase deliveries of LNG to 4.9 million metric tonnes annually.
April 1999
RasGas commenced LNG production from Train 1.
Petronet signing ceremony.
July 1999
RasGas and Petronet signed a 25-year Sale and Purchase Agreement for 7.5 million metric tonnes of LNG annually, commencing in 2003. (Agreement assigned to RasGas (II) in July 2002).
The Amir of Qatar at the inauguration ceremony.
October 1999 
The Amir of Qatar Sheikh Hamad bin Khalifa Al Thani inaugurated the RasGas plant and facilities.
March 2000
RasGas commenced LNG production from Train 2.
March 2001 
Ras Laffan Liquefied Natural Gas 
Train 1 & 2
Company Limited (II) established to own LNG Trains 3 and 4.
May 2001
RasGas achives Trains 1 and 2 Project Completion.
June 2001
RasGas and Edison Gas signed a 25-year Sale and Purchase Agreement for 3.5 million tonnes of LNG 
RasGas-Edison signing ceremony.
September 2001
First repayment of RasGas loans.
First dividends paid to shareholders.
January 2002 
Sheikh Tamim bin Hamad Al Thani laid the foundation stone of RasGas Train 3
RasGas' Train 3 foundation stone was laid on the January 14, 2002.