QatarEnergy, TotalEnergies sign deal for NFE expansion project – The Peninsula

  • Date: 13-Jun-2022
  • Source: The Peninsula Qatar
  • Sector:Real Estate
  • Country:Qatar
  • Who else needs to know?

QatarEnergy, TotalEnergies sign deal for NFE expansion project – The Peninsula

Doha: QatarEnergy yesterday announced that it has selected TotalEnergies as its first international partner in the $28.75bn North Field East (NFE) expansion project, the world’s largest LNG development and the single largest project in the history of the LNG industry.

Minister of State for Energy Affairs, the President and CEO of QatarEnergy H E Saad Sherida Al Kaabi and Chairman of the Board and Chief Executive Officer of TotalEnergies Patrick Pouyanné signed the partnership agreements at a ceremony which was also attended by senior executives from QatarEnergy and TotalEnergies.

The announcement came at the conclusion of a competitive process which started in 2019 to select QatarEnergy’s international partners in the NFE project, which will expand Qatar’s LNG export capacity from the current 77 million tonnes per annum (mtpa) to 110 mtpa.

The NFE project, which is expected to start production before the end of 2025, employs the highest health, safety, and environmental standards, including carbon capture and sequestration, to reduce the project’s overall carbon footprint to the lowest levels possible.

When coupled with the North Field South expansion project, the combined output will further raise Qatar’s total LNG production to 126 mtpa, making the country by far the largest single LNG producer in the