GE to Minimize Gas Flaring at World’s Largest LNG Complex in Qatar

DOHA, QATAR and FLORENCE, ITALY – February 16, 2011 -In the first large-scale application of its type, GE Oil & Gas advanced compressor technology is minimizing liquefied natural gas (LNG) boil-off gas flaring at LNG berths at the Ras Laffan Port, Ras Laffan Industrial City in Qatar, by making productive use of the gas that boils off during loading of the LNG carriers.

Gas that was previously boiled-off and flared during the loading of LNG carriers in Ras Laffan Port will now be collected from the LNG carriers and transferred to a Central Compression Area via large diameter stainless steel pipelines. At the Central Compression Area, GE compression units will compress the gas and send it to the LNG trains primarily for use as fuel gas.

Qatargas and RasGas are dedicated to continuously improving environmental performance. Given the scale and complexity of the LNG venture, this is a milestone boil-off gas recovery project that will enable minimization of gas flaring to the fullest extent possible, helping conserve Qatar’s natural resources. GE’s reliable technology will be critical to project success.

Joe Mastrangelo, Vice President – Turbomachinery, GE Oil & Gas, said: “We’re extremely pleased that GE technology has been selected to play a major role in this significant, environmentally focused project for Qatargas and RasGas. The project strengthens the relationship we have developed with Qatar over the years, supplying key LNG equipment and services that are supporting Qatar’s position as the world’s largest LNG producer.”

GE will supply six electric motor-driven compressors, mounted on a single lift base-plate to facilitate installation at site to Fluor Transworld Service Inc., the Engineering, Procurement and Construction Management contractor for the Qatargas Jetty Boil-Off Gas Recovery Project.

The equipment will be manufactured and tested at GE’s sites in Florence and Massa, Italy.

Note on Qatargas

Qatargas is the world’s largest fully integrated value chain LNG producer linking natural gas production, liquefaction, shipping, and regasification infrastructure into a single fully integrated LNG development and supply facility. Qatargas was established in 1984 and since that time the Company has progressively grown to be one of the largest companies in the LNG industry. The company was originally formed to operate three LNG trains with a design capacity of two million tonnes per annum (mtpa) each. Today Qatargas is exporting 26 mtpa of liquefied natural gas (LNG) from the existing five LNG trains following the completion of Qatargas 2 project. Qatargas’ customers are now spread throughout the world including Japan, Spain, the United Kingdom, Canada, the United States and China. Currently, Qatargas is completing a period of rapid expansion, which when finished at the end of the decade will see the Company exporting 42 mtpa of LNG to markets in Europe, Asia and North America. Qatargas 3 and Qatargas 4 will increase the total number of LNG trains to seven from the existing five.

About GE Oil & Gas

GE Oil & Gas (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. GE Oil & Gas also provides pipeline integrity solutions, including inspection and data management, and design and manufacture wire-line and drilling measurement solutions for the oilfield services segment. As part of its 'Innovation Now' customer focus and commitment, GE Oil & Gas exploits technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 100 countries.

About GE

GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site atwww.ge.com.

For more information, contact:

Nigel O’Connor
GE Oil & Gas
+44 (0)1252 601 496
+44 (0) 776 611 5135

nigel.o’connor@ge.com

Ken Darling
Masto Public Relations
+1 518 786 6488

kenneth.darling@ge.com