Qatar Business: QatarEnergy selects TotalEnergies as first partner for NFE – Gulf Digital News

Qatar Business: QatarEnergy selects TotalEnergies as first partner for NFE – Gulf Digital News

QatarEnergy has selected TotalEnergies as its first international partner for the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.

The announcement comes at the conclusion of a competitive process that started in 2019 to select Qatar Energy's international partners in the NFE project, which will expand Qatar's LNG export capacity from the current 77 million tons per annum (MTPA) to 110 MTPA, said a Qatar News Agency report.

The $28.75 billion NFE project, 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, it said.

A special ceremony was held at QatarEnergy's headquarters in Doha, during which Minister of State for Energy Affairs, the President and CEO of QatarEnergy Saad bin Sherida Al Kaabi and Chairman of the Board and Chief Executive Officer of Total Energies Patrick Pouyanne signed the partnership agreements in the presence of senior executives from QatarEnergy and TotalEnergies.

Pursuant to the agreements signed today, QatarEnergy and Total Energies will become partners in a new joint venture company (JV), in which Qatar Energy will hold a 75 percent