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GLNG MIDDLE EAST GLNG

QatarEnergy makes

ConocoPhillips its final foreign

partner in NFS project

PROJECTS QATARENERGY has named ConocoPhillips LNG produced from the North Field expansion
(US) as its third and last foreign partner in the projects will have the lowest carbon emission
North Field South (NFS) expansion project, levels in the world, thanks to the deployment of a
which is designed to lift Qatar’s LNG exports by number of technologies, including extensive use
16mn tonnes per year (tpy) by increasing output of carbon capture and sequestration technolo-
at the offshore North field. gies. This will enable our LNG to play an impor-
The two companies formalised the deal on tant role in supporting a pragmatic, equitable
October 30 at a ceremony in Doha. Saad Sherida and realistic energy transition.”
Al-Kaabi, QatarEnergy’s president and CEO, and NFS is the second phase of an ongoing move
Ryan Lance, the US independent’s CEO, signed to boost output at North Field, the Qatari sec-
the agreement on behalf of their companies. tion of a massive offshore natural gas field in
The document gives ConocoPhillips a 6.25% the Persian Gulf. (The Iranian section, located
working interest in NFS, while QatarEnergy, the on the other side of the maritime boundary
operator of the project, will retain a majority 75% between the two countries, is known as South
stake. The remaining 18.75% of equity is split Pars.) It will involve the installation of five new
equally between TotalEnergies (France), which production platforms, the drilling of 50 new
joined the project in late September, and Shell wells and the laying of new pipelines to link the
(UK), which joined in late October. field to onshore facilities. Additionally, it calls
Al-Kaabi, who also serves as Qatar’s Minister for the building of the two new LNG production
of State for Energy Affairs, hailed ConocoPhil- trains, each with a capacity of 8mn tpy, that will
lips’ inclusion in the NFS project. “QatarEnergy be served by the pipelines.
and its partners continue their efforts to supply ConocoPhillips also has a 3.12% stake in the
an additional volume of about 65mn tonnes of first phase of the expansion programme, known
LNG annually from its North Field expansion as North Field East (NFE). The other foreign
projects and the Golden Pass LNG project to partners are Shell, Eni (Italy), ExxonMobil (US)
the global market to meet growing demand and TotalEnergies. Together, the NFS and NFE
for cleaner, low-carbon energy, and to enhance schemes aim to boost gas production at North
energy security of customers around the world,” Field so as to bring Qatar’s LNG production
he said. capacity up to 126mn tpy, a rise of 48mn tpy, or
He also stressed that the partners were seek- 61.5%, on current levels of 78mn tpy.™
ing to minimise the emissions intensity of the
deal, saying: “As we have previously emphasised,

P16 www. NEWSBASE .com Week 44 03•November•2022