Sunday, 19 June 2022

#Qatar Energy partners with Eni for North Field East LNG project | Reuters

Qatar Energy partners with Eni for North Field East LNG project | Reuters

Qatar Energy signed a partnership deal with Eni (ENI.MI) on Sunday for the North Field East expansion of the world's largest liquefied natural gas (LNG) project, having announced a deal with TotalEnergies earlier this month.

Qatar Energy CEO Saad al-Kaabi said the joint venture with Eni would own 12.5% of the North Field East expansion. Eni would own 25% of the joint venture, Kaabi told a news conference, giving the Italian producer a 3.12% stake in the expansion.

Qatar is partnering with international energy companies in the first and largest phase of a nearly $30 billion expansion of the North Field project. read more

Kaabi said the first gas from the North Field East expansion is expected in early 2026.

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