TotalEnergies CEO Patrick Pouyanne and QatarEnergy CEO Saad al-Kaabi at a signing ceremony
TotalEnergies first off the NFE blocks
French firm’s Qatari LNG expansion stake is set to be the first in a queue
TotalEnergies has been selected as the first IOC to take part in a joint venture (JV) to develop Qatar’s multibillion-dollar North Field East (NFE) LNG project. The deal was signed during a ceremony in Doha on Sunday, during which state-owned QatarEnergy noted that more was to come later this week. TotalEnergies was awarded 25pc in the NFE JV, which in turn will hold 25pc in the $28.75bn project. This consists of eight offshore platforms, 80 wells, gas pipelines and a four-train liquefaction plant with a total capacity of 32mn t/yr, giving the French firm an equity stake of 6.25pc in an overall development that runs until 2054. While the level of TotalEnergies’ investment has not been disclo
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
