Qatar and TotalEnergies expand the world’s largest LNG project
QatarEnergy signed a partnership deal with TotalEnergies for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project and said more partners would be announced in the coming days.
The Gulf state is partnering with international energy companies in the first and largest phase of a nearly $30bn expansion of the North Field project, Aljazeera reports.
The North Field Expansion plan includes six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027. The production is to begin in 2025. The project’s cost totals $28.7 billion.
Qatar Petroleum is in charge of all operations of Qatar's oil sector, including exploration, production, refining, transportation and storage. Qatar is the world's leading LNG producer. In 2017, it lifted a moratorium imposed in 2005 on the development of the North gas field, located northeast of its coast, which is a part of the South Pars field, the other part of which is being developed by Iran.
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