LNG TerminalsMiddle East

QatarEnergy to reveal three new partners for NFS LNG project

By LNG Prime Staff
QatarEnergy to reveal three new partners for NFS LNG project
For illustration only (Image: Qatargas)

Three new partners will join France’s TotalEnergies to take a stake in QatarEnergy’s North Field South (NFS) project which will boost Qatar’s LNG export capacity by 16 million tons per annum.

Qatar’s energy minister and chief executive of QatarEnergy, Saad Sherida Al-Kaabi, said on Thursday in London that QatarEnergy would announce the partners in “due course”, according to a statement by the company.

TotalEnergies secured last month a 9.375 percent participating interest in the NFS project – out of a total 25 percent interest available for international partners.

Prior to that TotalEnergies took a 6.25 percent stake in the $28.75 billion North Field East (NFE) expansion project, the first and larger phase of QatarEnergy’s giant LNG expansion.

Besides TotalEnergies, QatarEnergy previously selected Italy’s Eni, US firms ConocoPhillips and ExxonMobil, and UK-based Shell to join the NFE project.

Together, NFE and NFS form the wider North Field Expansion project to increase LNG production from the North Field, adding about 48 mtpa to Qatar’s export capacity and bringing it to 126 mtpa by 2028.

Al-Kaabi did not reveal the names of the other partners that would join the NFS but QatarEnergy is expected to announce three firms out of these previously picked partners for the NFE project.

Reuters also reported on Wednesday, citing unnamed sources, that Shell and ExxonMobil would join the NFS project.

The two firms are expected to be named as NFS partners in the coming weeks, the agency said.

Most Popular

Contracts and Tenders

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
LNG Terminals

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.
Vessels

MISC orders five more LNG carriers in China

Malaysian shipping firm MISC has officially signed a shipbuilding deal with China’s Hudong-Zhonghua for five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers, which will serve a 20-year charter with a unit of MISC’s parent, Petronas.

More News Like This

Corporate

TotalEnergies expects Q3 LNG results to rise sharply

French energy giant TotalEnergies, one of the world’s largest LNG players, expects its integrated LNG results to rise sharply in the third quarter compared to the prior quarter, driven by higher prices.
Vessels

MISC names QatarEnergy LNG carrier

South Korea's Samsung Heavy Industries hosted a naming ceremony for a liquefied natural gas (LNG) carrier it built for Malaysia's MISC and state-owned LNG giant QatarEnergy.
LNG Terminals

TotalEnergies plans second Mozambique LNG phase

French energy giant TotalEnergies plans to expand its Mozambique LNG project, currently under construction in Cabo Delgado province, with a second phase, according to management.
LNG Terminals

Edison says QatarEnergy extends force majeure until early December

Italian energy firm Edison, a unit of EDF, said it received a new force majeure notification from state-owned LNG giant QatarEnergy, affecting supplies scheduled for delivery at the Adriatic LNG terminal in Italy until the beginning of December.