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GLNG MIDDLE EAST GLNG

QatarEnergy names TotalEnergies as first

foreign partner in NFS project

PROJECTS QATARENERGY has named TotalEnergies 126mn tpy, a rise of 48mn tpy or 61.5% on cur-
(France) as its first foreign partner in the North rent levels of 78mn tpy.
Field South (NFS) expansion project, which aims The French giant’s holdings in NFE and NFS
to lift Qatar’s LNG exports by 16mn tonnes per will entitle it to an additional 3.5mn tpy of LNG
year (tpy) by increasing output at the offshore production by 2028. These volumes will help the
North field. company achieve its aim of bringing the share of
The two companies formalised the deal on gas in its total sales volumes up to 50% by 2030,
September 24 with the signing of an agreement TotalEnergies said in its statement.
that gives the French major a 9.375% working The French major also stressed that it
interest in NFS, according to a statement from intended to minimise the emissions intensity
Total Energies. This leaves 15.625% of total of the project. This will be achieved via the cap-
equity available for assignment to other foreign ture and sequestration of native carbon dioxide
partners, since QatarEnergy intends to retain from gas production and via the use of renewable
75% of the project, the statement said. energy sources to power the LNG plant, it said.
The Qatari company has not named any other The facility will be connected to Qatar’s elec-
prospective partners. It said in a separate state- tricity transmission grid, through which it will
ment on September 24 that it would make an receive power from the 800-MW Al-Kharsaah
announcement on its next selections for the NFS solar farm, as well as a facility that QatarEnergy
project “in due course.” is now building in Ras Laffan. (TotalEnergies is
NFS is the second phase of an ongoing effort a partner in the former project and is assisting
to boost output at North, the Qatari section of QatarEnergy with the latter.)
a massive offshore gas field in the Persian Gulf. Patrick Pouyanné, the chairman and CEO
(The Iranian section, which lies on the other of TotalEnergies, hailed the signing of the deal
side of the maritime boundary between the two with QatarEnergy. “Qatar’s ambitious leadership
countries, is known as South Pars.) It will involve in further developing its natural gas resources
the installation of five new production platforms, through this expansion project, which ranks
the drilling of 50 new wells and the laying of new among the world’s most competitive in terms
pipelines to link the field to onshore facilities. of costs and low emissions, will make a major
The pipelines will bring gas to two new LNG contribution to increasing LNG supply in the
trains with a production capacity of 8mn tpy years to come,” he said. “We consider Qatar as
each. a long-term strategic country for TotalEnergies,
TotalEnergies also has a 6.25% stake in the and this latest addition to our portfolio marks
first phase of the expansion programme, which an important step towards our low-carbon LNG
is known as North Field East (NFE). (The other growth objectives, a key pillar of TotalEnergies’
foreign partners are ConocoPhillips of the US, transformation into a sustainable multi-energy
Eni of Italy, ExxonMobil of the US and Shell of company. It will also further strengthen our
the UK.) Together, the NFS and NFE schemes ability, together with Qatar, to support Europe’s
aim to boost gas production at North so as to energy security.”™
bring Qatar’s LNG production capacity up to

Week 39 30•September•2022 www. NEWSBASE .com P13