Page 5 - DMEA Week 09 2023
P. 5
DMEA COMMENTARY DMEA
Company.” ConocoPhillips and Eni will expire in 2049.
Although touted as clean, environmental The NFE development comprises the drill-
activists have nonetheless targeted ethane crack- ing of 80 wells, installation of eight offshore
ers on account of their emissions. platforms, gas pipelines and four 8mn tpy LNG
trains.
NFE LNG The NFE project will consist of 80 develop-
Unsurprisingly though, the NFE and NFS LNG ment wells and eight un-manned wellhead plat-
projects remain the jewel in the crown for Doha forms. Drilling of these wells had commenced
and combined will expand LNG production in March and May of 2020. Companies awarded
capacity from 77mn tpy to 126mn tpy by 2026. sub-contracts for the project include Baker
Having signed upwards of $30bn worth of JV Hughes, Honeywell, Air Products and Chiyoda
deals for the projects with IOC partners Cono- Corp.
coPhillips, Eni, ExxonMobil, Shell, TotalEner- The partners are understood to be working
gies in mid and late 2022, QatarEnergy’s CEO to agree terms on the marketing of LNG from
said this week that progress to date on NFE was NFE and NFS, with QatarEnergy keen to ensure
both “significant” and “remarkable”. QatarEn- that it maintains control the destination of the
ergy’s JVs with TotalEnergies, ExxonMobil projects’ output, though this could cause issues
and Shell will run until 2054, while those with with competition laws.
Week 09 03•March•2023 www. NEWSBASE .com P5
