Total Energies to work for NFE LNG project in Qatar

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.