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
Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Comments