TotalEnergies becomes the first partner of the huge field of QatarEnergy | Rigzone

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French oil and gas group TotalEnergies has secured a 25% stake in QatarEnergy’s 32 million tpa North Field East (NFE) LNG project, the equivalent of an 8 Mtpa LNG train.

The NFE, launched by QatarEnergy in the summer of 2019, is currently under construction. It is planned to increase Qatar’s total LNG export capacity from 77 Mtpa to around 110 Mtpa by 2027, through the construction of four 8 Mtpa trains.

The upstream part of the project will develop the southeast area of ​​the field with 8 platforms, 80 wells and pipelines to the onshore plant.

Paying particular attention to environmental and climate issues, the project will apply the highest standards to reduce emissions. Native CO2 from natural gas production will be captured and sequestered in a saline aquifer.

In addition, the facilities will be connected to the country’s electricity grid, which will provide an increasing share of renewable electricity – in line with Qatar’s climate ambitions – thanks to the giant Al Kharsaah solar power plant, which is scheduled to be commissioned. in 2022, and of which TotalEnergies is a partner.

“This is another historic day for TotalEnergies in Qatar, where we have been present for more than 80 years. Qatar has immense natural gas resources which it intends to develop further to increase the production of the cheapest, most respectful environment and the best-located LNG TotalEnergies was present at the start of its LNG industry in Qatar some 30 years ago through its stake in Qatargas 1, then Qatargas 2 in 2005,” said Patrick Pouyanne, Chairman and CEO of TotalEnergies.

“We are very proud that Qatar has again chosen TotalEnergies, this time as the first partner for its next major phase of LNG expansion. This is a clear testament to the deep trust the teams have developed together, and will extend our strategic partnership with Qatar and QatarEnergy for over 25 years. This is good news for the fight against climate change because gas and LNG are essential to support the energy transition, and in particular the switch 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 allow us to strengthen our global LNG portfolio and, together with Qatar, it will support our ability to contribute to Europe’s energy security,” added Pouyanne.

“This is a historic landmark for Qatar’s energy industry and the largest LNG development in the world. The North Field East project is an iconic achievement that will not only ensure the optimal use of Qatar’s natural resources, but will also provide the world with the cleaner, more reliable energy it needs. Today, QatarEnergy stands on the threshold of a new era with a stronger commitment to energy transition and safe, reliable and trustworthy access to cleaner energy,” said Saad Sherida Al- Kaabi, Minister of State for Energy Affairs, Chairman and CEO of QatarEnergy, said.

“We will continue to power lives around the world for a better future for all. It is our commitment. We look forward to working closely with TotalEnergies, which is a long-term strategic partner that we have always trusted to support the efficient and safe delivery of our projects. I would like to thank all the team members of QatarEnergy and TotalEnergies for the excellent collaboration and for all their hard work that led to this important moment.

“I would also like to express my thanks and gratitude to the project team and the Qatargas organization for continuing to deliver the NFE project, and with an outstanding safety record. We are eternally grateful to the wise leadership of His Highness l ‘Amir Sheikh Tamim bin Hamad Al Thani and his unlimited support for Qatar’s energy sector,” Al-Kaabi said.

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