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TotalEnergies chosen as QatarEnergy’s first partner in North Field South LNG project
Transactions - SEPTEMBER 26, 2022

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TotalEnergies chosen as QatarEnergy’s first partner in North Field South LNG project

by Released

After its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) LNG project, TotalEnergies has again been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project.

Under the agreement, TotalEnergies will obtain a 9.375 percent participating interest in the NFS project out of a total 25 percent interest available for international partners. The national company QatarEnergy will hold 75 percent.

Through its combined participating interests in NFE (6.25 percent) and NFS, TotalEnergies will add 3.5 Mtpa of LNG production to its growing worldwide LNG portfolio by 2028, in line with the company’s objective to increase the share of natural gas in its sales mix to 50 percent by 2030.

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

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