Doha: QatarEnergy has announced that it has selected TotalEnergies as the first international partner for the Northfield East (NFE) expansion project, the largest real estate in the history of the LNG industry.
At the signing ceremony with TotalEnergies, the company’s CEO said he plans to announce more partners in the future to expand the gas field.
The Gulf countries are partnering with international energy companies in the first and largest stages of the project’s approximately $ 30 billion expansion.
Saad Sherida Al-Kaabi, Minister of Energy Affairs, President and Chief Executive Officer of QatarEnergy, said subsequent signatures could be announced in the near future, perhaps at the end of next week. Top oil and gas producers have been eager to invest in one of the world’s most profitable energy projects, but Qatar’s strategy is to trade these potentials in exchange for offtakes from Northfield. It was to raise the level of expectations for our partners.
The Northfield Expansion Program includes six LNG trains that will increase Qatar’s liquefaction capacity from 77 million tonnes (mtpa) to 126 mtpa annually by 2027. Oil majors bid on four trains in the Northfield East expansion. The other two trains will be part of Phase 2 Northfield South.