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    TotalEnergies gets stake in Qatar's NFS project

Summary

The NFS project, which comprises two LNG mega trains with a combined capacity of 16mn metric tons/year, will raise Qatar’s total LNG export capacity to 126mn mt/yr.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Middle East, Liquefied Natural Gas (LNG), Corporate, News By Country, Qatar

TotalEnergies gets stake in Qatar's NFS project

QatarEnergy has selected France’s TotalEnergies as the first international partner in the North Field South (NFS) expansion project, the Qatari state-owned company said on September 24.

The NFS project, which comprises two LNG mega trains with a combined capacity of 16mn metric tons/year, will raise Qatar’s total LNG export capacity to 126mn mt/yr.

Pursuant to the agreement, TotalEnergies will have an effective net participating interest of 9.375% in the NFS project, out of a total 25% interest available for international partners, while QatarEnergy will hold a 75% interest.

The North Field Expansion project comprises NFS and the North Field East (NFE) expansion projects. It will start production in 2026 and add more than 48mn mt/yr to the world’s LNG supplies, QatarEnergy said.

Five partnership agreements have been signed in June and July this year covering the NFE project, which comprises four mega LNG trains with a combined capacity of 32mn mt/yr. TotalEnergies is one of the partners in the NFE project as well.

QatarEnergy said that other partners in the NFS project would be announced in due course.