TotalEnergies deal

TotalEnergies becomes the first partner in QatarEnergy’s North Field East LNG project

Following the request for proposals in relation to partner selection for the North Field East (NFE) LNG project, TotalEnergies has been awarded a 25 percent interest in a new joint venture (JV), alongside national company QatarEnergy (75 percent). The new JV will hold a 25 percent interest in the 32 million tpy NFE project, equivalent to one 8 million tpy LNG train.

The NFE, launched by QatarEnergy in summer 2019, is currently under construction. It is intended to increase Qatar’s total LNG export capacity from 77 million tpy to approximately 110 million tpy by 2027, thanks to the construction of four 8 million tpy trains. The upstream part of the project will develop the south-eastern area of the field with 8 platforms, and 80 wells and gas pipelines to the onshore plant.

Paying special attention to environmental and climate challenges, the project will apply the highest standards to reduce emissions. The native CO2 from natural gas production will be captured and sequestrated in a saline aquifer. In addition the facilities will be connected to the country’s electrical grid which will supply a growing portion of renewable electricity, in line with Qatar’s climate ambitions, thanks to the giant Al Kharsaah solar power plant, which is scheduled to come onstream in 2022, and in which TotalEnergies is a partner.

(Source: Tank Terminals News, June 20-2022)

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