Qatar Energy has signed an agreement with France’s Total Energies for the North Field East (NFE) expansion of the world’s largest liquefied natural gas (LNG) project.
As per the agreement, a new joint venture company will be formed in which Qatar Energy will hold a 75% interest while Total Energies will hold the remaining 25% interest.
The JV in turn will own 25% of the entire NFE project, including the 4 mega LNG trains with a combined nameplate LNG capacity of 32 mtpa.
Qatar is slated to sign more deals with energy firms for a nearly $29bn project that will solidify its position as a top LNG exporter.
Tags: LNG, NFE, Qatar Energy, Total Energies
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