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.