TotalEnergies has been awarded a 25% interest in a new joint venture alongside national company QatarEnergy (75%). The new joint venture will hold a 25% interest in the giant North Field East LNG project launched by QatarEnergy in 2019.
Laurent Vivier, Senior Vice President Middle East and North Africa, Exploration & Production, explains.
The world's largest LNG project
The NFE, launched by QatarEnergy in summer 2019, is currently under construction. It is intended to increase Qatar's total LNG export capacity from 77 Mtpa to around 110 Mtpa by 2027, thanks to the construction of four 8 Mtpa trains. The upstream part of the project will develop the southeastern area of the field with 8 platforms, 80 wells and gas pipelines to the onshore plant.
A low-carbon LNG project
Paying special attention to environmental and climate challenges, the project will apply the highest standards to reduce emissions. The native CO2 from natural gas production will be captured and sequestrated in a saline aquifer. In addition, the facilities will be connected to the country's electrical grid, which will supply a growing portion of renewable electricity – in line with Qatar’s climate ambitions – thanks to the giant Al Kharsaah solar power plant, which is scheduled to come on stream in 2022, and in which TotalEnergies is a partner.