Middle East Business: QatarEnergy partners with Shell for NFE expansion – Gulf Digital News

Middle East Business: QatarEnergy partners with Shell for NFE expansion – Gulf Digital News

QatarEnergy has selected Shell as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry, concluding international energy company partner selection in the project.

The partnership agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Ben van Beurden, in the presence of senior executives from both companies.

Pursuant to the agreement, QatarEnergy and Shell will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Shell will hold the remaining 25% interest. In turn, the JV will own 25% of the entire NFE project, which includes 4 mega LNG trains with a combined nameplate LNG capacity of 32 million tons per annum (MTPA).

Saad Sherida Al-Kaabi said: “We are very pleased to have Shell join us as a partner in this mega project, to which we have committed ourselves. We have lived up to that commitment, as well as to our global reputation as a reliable and trustworthy energy provider. Today’s announcement marks the successful conclusion of the selection of our international energy company partners in the North Field East project, through which