QatarEnergy Selects TotalEnergies as the First Partner in NFS Project

QatarEnergy Selects TotalEnergies as the First Partner in NFS Project

TotalEnergies has been chosen by Qatar Energy as the project’s first international partner for the North Field South (NFS) expansion. The NFS project will increase Qatar’s overall LNG export capacity to 126 MTPA and consists of two LNG mega trains with a combined capacity of 16 MTPA.

Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Patrick Pouyanné, Chairman of the Board and CEO of TotalEnergies, signed the partnership agreement during a ceremony that was held at the QatarEnergy headquarters in Doha and was attended by senior executives from both businesses.

According to the contract, QatarEnergy will own 75% of the NFS project, while TotalEnergies will have an effective net participating stake of 9.375% (out of a total 25% interest available for international partners).

In his remarks during the ceremony, Al-Kaabi said: “QatarEnergy is moving forward, to help meet growing global demand for cleaner energy, of which LNG is the backbone for a serious and realistic energy transition. We are committing significant investments to lower the carbon intensity of our energy products, which constitutes a key pillar of QatarEnergy’s sustainability and energy transition strategy.”

The North Field Expansion Project, which consists of the NFS and North Field East (NFE) expansion projects, is the largest LNG project in the history of the sector. With a 2026 start date, it will increase global LNG supplies by more than 48 MTPA. In June and July of this year, five collaboration agreements pertaining to the NFE project, which consists of four giant LNG trains with a combined capacity of 32 MTPA, were inked.

In order to minimize the project’s overall carbon footprint to the lowest levels achievable, this special project is distinguished by the highest health, safety, and environmental standards, including carbon capture and sequestration.

In due course, additional project partners for the NFS will be disclosed.

 

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