Qatar Petroleum announced that it will start developing the North Field East (NFE), which is the world’s largest liquefied natural gas (LNG) project, a press release reported. The project will raise the state’s LNG production capacity from 77 million tons per year (mmt/y) to 110 mmt/y.
This announcement came during the signing ceremony for celebrating the implementation of engineering, procurement and construction (EPC) contract of the project. The contact was signed between the Minister of State for Energy Affairs and QP’ CEO, Saad Sherida Al-Kaabi, CEO of Chyioda Corporation, Kazushi Okawa, and the President of Technip Energies, Arnaud Pieton.
The agreement stipulates the construction of four mega LNG trains with capacity of 8 mmt/y for each one in addition to gas treatment facilities, natural gas liquids recovery, as well as helium extraction and refining within Ras Laffan Industrial City.
According to the statement, the project is expected to start production in Q4 2025, raising the total production to 1.4 million barrels of oil equivalent per day.
On this occasion, Al-Kaabi said that “The total cost of the NFE project will be $28.75 billion, making it one of the energy industry’s largest investments in the past few years, in addition to being the largest LNG capacity addition ever, and the most competitive LNG project in the world. This project will generate substantial revenues for the state of Qatar and will have significant benefits to all sectors of the Qatari economy during the construction phase and beyond.”