Page 9 - DMEA Week 44 2022

DMEA TERMINALS & TRANSPORT DMEA

Shell and the other parties have not said where the LNG hub will be built (Screenshot from SuezCanal.gov.eg)

For another, he noted, the proposed joint ven- As of press time, Shell had not confirmed the
ture will be able to source LNG from both of ministry’s announcement on the signing of the
Egypt’s gas liquefaction plants. (The minis- LoI. When contacted by LNG Prime, the mul-
ter was referring to the fact that because Shell ti-national said it had no comment on the matter
operates Egyptian LNG, a 7.2mn-tonne per at this stage.
year (tpy) facility at Idku, while EGAS is a share- EGAS and the other Egyptian companies
holder in SEGAS LNG, the 5mn-tpy Damietta have also not spoken publicly about the LNG
facility.) bunkering project. ™

REFINING & FUELS
QatarEnergy names ConocoPhillips as its

final foreign partner in NFS project

MIDDLE EAST QATARENERGY has named ConocoPhillips
(US) as its third and last foreign partner in the
North Field South (NFS) expansion project,
which is designed to lift Qatar’s LNG exports by
16mn tonnes per year (tpy) by increasing output
at the offshore North field.
The two companies formalised the deal on
October 30 at a ceremony in Doha. Saad Sher-
ida Al-Kaabi, QatarEnergy’s president and
CEO, and Ryan Lance, the US independent’s
CEO, signed the agreement on behalf of their
companies.
The document gives ConocoPhillips a 6.25%
working interest in NFS, while QatarEnergy,
the operator of the project, will retain a major-
ity 75% stake. The remaining 18.75% of equity
is split equally between TotalEnergies (France),
which joined the project in late September, and QatarEnergy is set to retain a 75% stake in the NFS project (Photo: QatarEnergy)
Shell (UK), which joined in late October.
Al-Kaabi, who also serves as Qatar’s Minister energy security of customers around the world,”
of State for Energy Affairs, hailed ConocoPhil- he said.
lips’ inclusion in the NFS project. “QatarEnergy “As we have previously emphasised, LNG
and its partners continue their efforts to supply produced from the North Field expansion pro-
an additional volume of about 65mn tonnes of jects will have the lowest carbon emission lev-
LNG annually from its North Field expansion els in the world, thanks to the deployment of a
projects and the Golden Pass LNG project to number of technologies, including extensive use
the global market to meet growing demand of carbon capture and sequestration technolo-
for cleaner, low-carbon energy, and to enhance gies,” he added.

Week 44 03•November•2022 www. NEWSBASE .com P9