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Investors - JUNE 8, 2022

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Qatar picks ExxonMobil, Eni, TotalEnergies, Shell, ConocoPhillips for $30b LNG expansion

by Andrea Zander

Qatar has picked ExxonMobil, Eni, TotalEnergies, Shell and ConocoPhillips as partners in the expansion of the $30 billion liquefied natural gas (LNG) project, reports Reuters.

The North Field Expansion (NFE) 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.

A self-imposed 12-year moratorium on further developing LNG extraction from the North Field was lifted in May 2021, allowing Qatar Petroleum (QP) to proceed with the North Field LNG Expansion, which will increase LNG production in two phases. The first phase of the North Field project is expected to increase capacity by 43 percent from 77 million tons per annum (mtpa) to 110 mtpa by 2025. The second phase, called the North Field South Project (NFS), will further increase the production capacity from 110 mtpa to 126 mtpa, an increase of 64 percent by 2027. This project includes the development of six LNG megatrains, creating s

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