TotalEnergies Granted Interest in Qatar's North Field South LNG Project
September 26 2022 - 2:12AM
Dow Jones News
By Pierre Bertrand
TotalEnergies SE said Saturday that it has been granted a
participating interest in Qatar's North Field South liquefied
natural gas project.
The French energy major said it has been selected as the first
international partner by state-owned QatarEnergy and will obtain a
9.4% participating interest in the project, which produces 16
million metric tons of LNG a year.
TotalEnergies said the agreement adds to the 6.3% participating
interest the company already has in Qatar's 32 million-ton North
Field East LNG project.
TotalEnergies said its combined holdings will increase its
annual production of LNG by 3.5 million tons by 2028.
Both gas fields comprise the North Field Expansion project
designed to increase Qatar's LNG production and export capacity
from the country's mostly offshore North Field.
QatarEnergy will retain a 75% participating interest in the
North Field South project, while 25% is available for international
players, TotalEnergies said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 26, 2022 01:57 ET (05:57 GMT)
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