Energy giant Shell has been chosen by QatarEnergy (QE) to take a 6.25% stake in its North Field East (NFE) liquefied natural gas (LNG) project, the world’s largest of its kind.
Capable of producing 32m tonnes of LNG per year, the $28bn (£23.3bn) project is set to expand Qatar’s production capacity from 77 million tonnes per annum (Mtpa) to 110Mtpa by 2025.
By investing in NFE, Shell follows TotalEnergies, ExxonMobil, ConocoPhillips, and Eni SpA, which have all joined the large-scale LNG project in recent months.
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