2022-06-22 09:40:00
QATAR LNG DEVELOPMENT
ENERDATA - 21 Jun 2022 - Qatar Energy (QE) has selected Eni and ConocoPhillips to partner on the 32 Mt/year North Field East (NFE) LNG project in Qatar. Eni has been awarded a 25% interest in a new joint venture alongside QE (75%). The joint venture will hold a 12,5% interest in the NFE project (3.1% stake). ConocoPhillips will also have a 3.1% stake in the project. Earlier in June 2022, TotalEnergies was chosen by QE to create a joint venture (25% TotalEnergies, 75% QE) that will hold a 25% interest in the NFE project (6.3% stake). Shell and Exxon Mobil are among other companies to have made bids.
The country is now partnering with international energy companies in the first phase of the US$30bn expansion of its North Field project. Launched by QatarEnergy in 2019, it is currently under construction and is set to increase Qatar's total LNG export capacity from 77 Mt/year to around 110 Mt/year by 2027. The upstream part of the project will develop the field with 8 platforms, 80 wells and gas pipelines connecting to the onshore plant. Qatar plans reach a total liquefaction capacity of 126 Mt/year in 2027 through the development of the 16 Mt/year North Field South LNG project.
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Earlier:
2022, June, 17, 13:25:00
ASIAN LNG PROBLEMS
Asian buyers will also be competing directly with European LNG importers looking to meet an EU target of filling gas storage to 80% of capacity by Nov. 1.
2022, June, 15, 14:45:00
ASIA ENERGY CRISIS
Asian LNG futures for winter delivery surged to the highest level in over two months.
2022, June, 7, 11:00:00
ASIA'S LNG DEMAND WILL RISE
Given that a lot of European companies were opting out of paying for Russian gas in rubles, they would have to scout for additional spot cargoes while Asia demand was strong, he said, adding that prices were likely to stay supported above $20/MMBtu in the near term.
2022, May, 27, 12:15:00
GLOBAL LNG UNCERTAINTY
Some key questions include how much gas or LNG will move from North America to Europe and how much gas demand will move in the opposite direction and when it comes to Europe,
2022, May, 25, 11:05:00
QATAR, BRITAIN STRATEGIC COOPERATION
The ongoing European energy crisis and its impact on economies across the region has seen unprecedented diplomacy efforts to secure a more stable energy supply, and Qatar has repeatedly said it stands ready to help its partners.
2022, May, 23, 13:05:00
GERMANY, QATAR LNG DEVELOPMENT
The new pact, inked during a Qatari state visit to Germany, comes as Berlin looks to fast-track a number of new LNG import terminals to reduce its dependence on Russian gas imports.
2022, April, 12, 12:50:00
QATAR LNG AMBITIONS
Even before the Ukraine war had Europe scrambling for alternatives for Russia's oil and natural gas, Qatar's ambitions to grow its LNG business were coinciding with burgeoning energy demand by western countries amid the recovery from the pandemic.
