Qatar Energy (QE) has selected Eni and ConocoPhillips to partner on the 32 Mt/year North Field East (NFE) LNG project in Qatar. Eni has been awarded a 25% interest in a new joint venture alongside QE (75%). The joint venture will hold a 12,5% interest in the NFE project (3.1% stake). ConocoPhillips will also have a 3.1% stake in the project. Earlier in June 2022, TotalEnergies was chosen by QE to create a joint venture (25% TotalEnergies, 75% QE) that will hold a 25% interest in the NFE project (6.3% stake). Shell and Exxon Mobil are among other companies to have made bids.
The country is now partnering with international energy companies in the first phase of the US$30bn expansion of its North Field project. Launched by QatarEnergy in 2019, it is currently under construction and is set to increase Qatar's total LNG export capacity from 77 Mt/year to around 110 Mt/year by 2027. The upstream part of the project will develop the field with 8 platforms, 80 wells and gas pipelines connecting to the onshore plant. Qatar plans reach a total liquefaction capacity of 126 Mt/year in 2027 through the development of the 16 Mt/year North Field South LNG project.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.