Page 4 - MEOG Week 18 2022

MEOG COMMENTARY MEOG

QatarEnergy awards

final NFE EPC contract

The final EPC package has been awarded by QatarEnergy under its world-scale North

Field East (NFE) expansion project as Doha moves to reclaim the LNG export throne.

QATAR STATE-OWNED QatarEnergy last week future additional LNG trains.”
awarded the third and final engineering, pro- Meanwhile, TR noted that the award was the
curement and construction (EPC) contract result of the Qatari firm exercising its contract
WHAT: under a major project that will see the country options for the so-called EPC-3 under a deal
A consortium was reclaim top spot in global LNG capacity. awarded in August 2021. It said that the exten-
awarded a deal extended The award is the latest in a string of contracts sion takes the 2021 deal from 41 months to 47
an agreement signed last as part of the $28.75bn North Field East (NFE) and increases its value beyond $800mn.
year which will expand expansion project as Doha presses forward on Providing more detail on the deal, it said that
storage and loading the development that aims to expand the coun- the consortium would work to expand “existing
facilities. try’s liquefaction capacity from 79mn tonnes per liquid products storage and loading facilities for
year currently to 110mn tpy by 2025 or 2026. light naphtha and propane and the expansion
WHY: Meanwhile, a final investment decision (FID) of import facilities for mono-ethylene glycol
Qatar has awarded is expected within months on the North Field (MEG)”.
billions of dollars of South (NFS) project which would raise capacity TR added that the development would ena-
contracts related to the to 126mn tpy by 2027. ble the further expansion of storage and loading
gas expansion project. facilities for propane and butane, light naphtha
EPC work and condensate production from the “two future
WHAT NEXT: QatarEnergy announced that it had issued a additional LNG trains that are planned for the
Further awards should lump-sum contract to a consortium of Spain’s North Field South project”.
be anticipated as Tecnicas Reunidas (TR) and China’s Wison
QatarEnergy nears a Engineering covering the expansion of sul- String of awards
financial decision on the phur-handling, storage, and loading facilities at In January, QatarEnergy awarded an engineer-
North Field South project, Ras Laffan Industrial City. ing, procurement, construction and installation
expanding LNG capacity A statement said: “These facilities will sup- (EPCI) deal to US-based contractor McDermott
further. port the NFE’s four new LNG trains, which are International for the offshore scope of NFE,
scheduled to start by year-end 2025. The contract thought to be valued at $3-4bn.
will also include an option for further expan- The covered 13 wellhead platform topsides,
sion to support sulphur production for the two eight of which are for NFE and five for NFS,
additional LNG trains of the North Field South as well as connecting pipelines and the shore
(NFS) project, and infrastructure to support approaches for the NFE pipelines, beach valve

P4 www. NEWSBASE .com Week 18 04•May•2022