TotalEnergies is interested in participating in the multi-billion-dollar North Field expansion, said Matthieu Bouyer, managing director, TotalEnergies EP Qatar and TotalEnergies Country chair in Qatar.
“NFE is a tremendous opportunity, and we believe we have some long-term added value to bring to QP, Qatar and TotalEnergies; we have a global LNG footprint, diverse customer base and large marketing capabilities. But we can also bring our operational experience to complement Qatar Petroleum and Qatargas with already high-level records. We look forward to continue supporting QP in its LNG growth ambition through NFE in particular," Bouyer said in an exclusive interview with Gulf Times.
In February, QP took the final investment decision on developing the $28.75bn North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77mn tonnes per year to 126mn tonnes per year.
The NFE project, with a capacity of 32mn tonnes per year, is the largest LNG project ever to be undertaken, according to QP.
Bouyer said, “I have been truly impressed with the way Qatar has played its role as the world's LNG leader, and the way QP has launched NFE is remarkable. They truly set the benchmark for high-quality LNG; low cost and low emissions LNG, with the development integrating carbon capture and storage.”
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