More IOCs jump on board Qatar’s new LNG trains

QatarEnergy has doled out another 12.5pc of NFE equity

ExxonMobil, US superindie ConocoPhillips and Italy’s Eni have joined TotalEnergies in securing stakes in Qatar’s North Field East (NFE) expansion programme. But whether their deals include any material independent offtake rights remains up in the air. ExxonMobil has secured a deal similar to the first agreement announced earlier in June with TotalEnergies, being awarded a 25pc holding in a joint venture (JV) that in turn holds a 25pc share in the four-train, 32mn t/yr project—translating to a 6.25pc stake in NFE as a whole. ConocoPhillips and Eni have each secured 25pc in JVs that will have 12.5pc shares in NFE, or a 3.125pc holding overall. NOC QatarEnergy is not defining the JVs as train-s