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QatarEnergy Sign LNG Partnership with TotalEnergies

LNG

QatarEnergy signed a $29 billion partnership deal with TotalEnergies on Sunday for the expansion of the worlds largest LNG project - North Field East.

  • QatarEnergy will announce further partners in the project but none of them will have a bigger stake than TotalEnergies which will have 25% of one train. TotalEnergies' 25% stake in one virtual train gives it around 6.25% of the whole four trains.
  • The North Field Expansion plan includes six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027.

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