TotalEnergies and QatarEnergy to Work on North Field East LNG Project

French petroleum leader TotalEnergies has been awarded a 25% interest in a new joint venture alongside Doha-based national company QatarEnergy (75%). The new JV will hold a 25% interest in the 32 million tons per annum (Mtpa) NFE project, equivalent to one 8 Mtpa LNG train.

This pioneering project will make use of the highest standards to reduce emissions. The native CO2 from natural gas production will be captured and sequestrated in a saline aquifer. Additionally, the facilities will be connected to the country's electrical grid to supply a growing portion of renewable electricity, keeping in line with Qatar’s climate ambitions.

Patrick Pouyanné, Chairman and Chief Executive Officer, TotalEnergies, said: "This is another historic day for TotalEnergies in Qatar, where we have been present for more than 80 years. Qatar has huge natural gas resources that it intends to develop further to increase the production of the least expensive, the most environmentally respectful, and the best-located LNG. TotalEnergies was present at the beginning of its LNG industry in Qatar some 30 years ago through its interest in Qatargas 1, and then Qatargas 2 in 2005. We are very proud that Qatar has chosen again TotalEnergies, this time as the first partner for its new major phase of LNG expansion. It is a clear testimony of the profound trust that the teams have developed together, and it will extend our strategic partnership with Qatar and QatarEnergy for more than 25 years. It is good news for the fight against Climate Change as gas and LNG are key to support the energy transition, and notably the shift from coal to gas in many countries. With its low costs and low greenhouse gas emissions – thanks to carbon capture and storage – the North Field expansion will be an exemplary and major contribution to our low-carbon LNG growth strategy. This new partnership will indeed enable us to reinforce our global LNG portfolio and, together with Qatar, it will support our ability to contribute to Europe energy security."

QatarEnergy’s NFEwas launched in the summer of 2019 and is currently under construction.