{"id":47928,"date":"2022-06-13T00:15:57","date_gmt":"2022-06-13T00:15:57","guid":{"rendered":"https:\/\/harchi90.com\/qatarenergy-signs-deal-with-totalenergies-for-north-field-east-oil-and-gas-news\/"},"modified":"2022-06-13T00:15:57","modified_gmt":"2022-06-13T00:15:57","slug":"qatarenergy-signs-deal-with-totalenergies-for-north-field-east-oil-and-gas-news","status":"publish","type":"post","link":"https:\/\/harchi90.com\/qatarenergy-signs-deal-with-totalenergies-for-north-field-east-oil-and-gas-news\/","title":{"rendered":"QatarEnergy signs deal with TotalEnergies for North Field East |  Oil and Gas News"},"content":{"rendered":"<div id=\"\">\n<p class=\"article__subhead css-1wt8oh6\"><em>Qatar is slated to sign more deals with energy firms for a nearly $ 30bn project that will solidify its position as a global liquefied natural gas leader.<\/em><\/p>\n<\/div>\n<div>\n<p class=\"tr-story-p1\">QatarEnergy signed a partnership deal with TotalEnergies for the North Field East expansion of the world&#8217;s largest liquefied natural gas (LNG) project, and said more partners would be announced in the coming days.<\/p>\n<p>The Gulf state is partnering with international energy companies in the first and largest phase of a nearly $ 30bn expansion of the North Field project.<\/p>\n<p>Saad al-Kaabi, who is president of QatarEnergy and also Qatar&#8217;s minister of state for energy, said the selection process for partners has been finalized and subsequent signings could be announced as soon as next week.<\/p>\n<p>No company will have a stake higher than TotalEnergies, he added.  France-based TotalEnergies Chief Executive Patrick Pouyanne said the company will have 25 percent of one train &#8211; or liquefaction and purification facility &#8211; in the project.<\/p>\n<p>The North Field Expansion plan includes six LNG trains that will ramp up Qatar&#8217;s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027.<\/p>\n<p>Oil majors have been bidding for four trains of the North Field East expansion, with the other two trains part of a second phase, North Field South.<\/p>\n<p>Al-Kaabi said Qatar has a unified approach, where all four trains are considered one unit.  TotalEnergies has a 25 percent stake in one virtual train, which gives it about 6.25 percent of the whole four trains.<\/p>\n<p>\u201cWe had announced that we are no longer investing in any new project in Russia, so the signing of this project in Qatar is important for us,\u201d said Pouyanne.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center;display:block\"><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"European energy: Qatari gas seen as alternative from Russia\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/homjnpZJcNc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p><\/span><\/p>\n<h2>LNG to go to Asia and Europe<\/h2>\n<p>Al-Kaabi said once the investments have been completed, Asian buyers are expected to make up half the market for the project, and buyers in Europe the rest.<\/p>\n<p>The project will boost Qatar&#8217;s position as the world&#8217;s top LNG exporter and help to guarantee long-term supply of gas to Europe as the continent seeks alternatives to Russian flows.<\/p>\n<p>Leading oil and gas producers have been eager to secure a stake in the project, but Qatar&#8217;s strategy has been to raise the bar on what it expects from potential partners.<\/p>\n<p>QatarEnergy has waited nearly five years to sign partnership agreements and has emphasized it has abundant capital to self-finance the project.<\/p>\n<p>Total, Exxon, Shell, Eni and Chevron have offered QatarEnergy opportunities to invest in prize assets they hold overseas.<\/p>\n<p>That move has helped QatarEnergy transform into a significant international player, with stakes in petrochemical facilities and oil blocks around the world, from South Africa to Suriname.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center;display:block\"><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"Zelenskyy urges Qatar to boost gas output to counter Russia\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Punz59Sk_KE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p><\/span><\/p>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qatar is slated to sign more deals with energy firms for a nearly $ 30bn project that will solidify its position as a global liquefied natural gas leader. QatarEnergy signed a partnership deal with TotalEnergies for the North Field East expansion of the world&#8217;s largest liquefied natural gas (LNG) project, and said more partners would &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/qatarenergy-signs-deal-with-totalenergies-for-north-field-east-oil-and-gas-news\/\"> <span class=\"screen-reader-text\">QatarEnergy signs deal with TotalEnergies for North Field East |  Oil and Gas News<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[1436,114,92,3417,146,2200,15197,294],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2021\/02\/LNG-Qatar.jpg?resize=1000,630","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/47928"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=47928"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/47928\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=47928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=47928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=47928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}