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DMEA LNG DMEA

QP books 25 years of capacity

at UK Grain LNG

QATAR QATAR Petroleum (QP) has secured 25 years of known as North Field South (NFS), will increase
storage and redelivery capacity at the UK’s Grain it to 126mn tpy by the late 2020s.
QP’s affiliate will LNG terminal starting in mid-2025, it said on Qatar, already the world’s biggest LNG pro-
subscribe to up to October 13. ducer, has said it may pursue additional expan-
7.2mn tonnes per year The deal comes after Grain LNG’s owner sion phases.
of capacity. National Grid launched an open season process “In 2017, we announced our intention
in November last year. QP said its affiliate would to increase our LNG production capacity to
subscribe to up to 7.2mn tonnes per year (tpy) of 100mn tpy. The target was then increased
capacity at the site. in 2018 to 110mn tpy, and again, [after we
“By entering into this agreement, we are obtained] more data on the capability of our
reaffirming our commitment to the United giant North Field, the target was increased
Kingdom’s gas market,” QP CEO and Qatari in 2019 to 126mn tpy by 2027,” al-Kaabi said
Energy Minister Saad Sherida al-Kaabi said in at a conference in Japan on October 13. “As
a statement. history has shown, we don’t expect to stop at
Grain LNG, situated on the Isle of Grain off 126mn. We continue to strive to develop our
Kent, is able to store and supply enough gas to natural gas resources and lead the way in the
meet at least 25% of UK gas demand. QP is also a world’s LNG value chain.”
67.5% shareholder in another UK LNG terminal QP received final bids last month from three
at South Hook. engineering consortia for the construction of the
QP’s capacity reservation comes as it embarks first-phase liquefaction trains.
on a major expansion project at the offshore “We continue to move full steam ahead with
North Field, the source of the country’s LNG. the North Field expansion projects and expect to
The first phase, known as North Field East sign all remaining EPC contracts before the end
(NFE), will raise output from the current 77mn of this year as previously announced,” al-Kaabi
tpy to 110mn tpy by 2025, while the second, said. ™

P12 www. NEWSBASE .com Week 41 15•October•2020