Qatar’s state-owned oil and gas company QatarEnergy has chosen Shell to be its second international partner in the large-scale North Field South (NFS) liquefied natural gas (LNG) expansion project.
Following the addition of TotalEnergies to the project, Shell will obtain a significant 9.375% participating interest in the 16 million tonnes per annum (mtpa) project, out of the 25% interest available for international partners.
The partnership comes several months after Shell joined the $28.75bn North Field East (NFE) expansion as a holder of a 25% share in a joint venture company.
Commenting on the deal, Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, said, “The new LNG volumes which Qatar will bring to the market come at a time when natural gas assumes greater importance in light of recent geopolitical turmoil, and amidst the dire need for cleaner energy to meet global environmental objectives.”
... to continue reading you must be subscribed
