QatarEnergy and TotalEnergies have signed a partnership deal for the expansion of the world’s largest liquefied natural gas (LNG) project, the North Field East, and said more partners would be announced in the coming days.
International energy companies are partnering with the Gulf state in the first and largest phase of a nearly $30 billion expansion of the North Field project.
The selection process for partners has been finalized and subsequent signings could be announced as soon as next week, Saad al-Kaabi, the president of QatarEnergy and Qatar’s minister of state for energy, expressed. He added that no company will have a stake higher than TotalEnergies.
The company will have 25 percent of one train – or liquefaction and purification facility – in the project, France-based TotalEnergies Chief Executive Patrick Pouyanne stated.
In a quest to ramp up Qatar’s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027, the North Field Expansion plan includes six LNG trains.