QatarEnergy selects Eni as second partner in North Field East expansion project – The Peninsula

QatarEnergy selects Eni as second partner in North Field East expansion project – The Peninsula

Doha: QatarEnergy announced that it has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.

This announcement marks the second partnership in the $28.75 billion NFE mega project, which will expand Qatar’s LNG production capacity from the current 77 million tons per annum (MTPA) to 110 MTPA. This expansion will boost Qatar's position as the world's top LNG exporter.

The partnership agreement was signed at QatarEnergy’s headquarters in Doha by H E Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Claudio Descalzi, CEO of Eni, in the presence of senior executives from both companies.

Pursuant to the agreement, QatarEnergy and Eni will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Eni will hold the remaining 25% interest. The JV will in turn own 12.5% of the entire NFE project, whose 4 mega LNG trains have a combined nameplate capacity of 32 MTPA.

In his remarks during the ceremony, Minister Al-Kaabi highlighted QatarEnergy’s relations with Eni saying: “I would like to welcome Eni as a new member of Qatar’s LNG family. This agreement