QatarEnergy will have a series of partnerships with Eni, which include upstream exploration projects in a number of locations around the world as it expands its international footprint, said HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi.
“Our collaboration also covers LNG deliveries through the Fluxys LNG terminal in Zeebrugge in Belgium,” he said at a media event at the QatarEnergy headquarters here on Sunday.
“However, this partnership agreement is different. It is Eni’s first entry into the upstream sector in the State of Qatar. And I take special pleasure in welcoming them as new member of Qatar’s LNG family,” he said.
QatarEnergy yesterday selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
This announcement marks the second partnership in the $28.75bn NFE mega project, which will expand Qatar’s LNG production capacity from the current 77mn tonnes per year to 110mn tpy.
Al-Kaabi welcomed Claudio Descalzi, the CEO of Eni, to the event where the Italian multinational oil and gas company was announced as a partner to the “unique and strategic” North Field East (NFE) expansion project.
“I would like to thank Mr Descalzi for Eni’s participation in this competitive process and to congratulate him on the signing of this agreement, which will significantly strengthen our mutual cooperation for decades to come,” al-Kaabi said.
Pursuant to the agreement, QatarEnergy and Eni will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Eni will hold the remaining 25% interest.
The JV will in turn own 12.5% of the entire NFE project, whose four mega LNG trains have a combined nameplate capacity of 32mn tonnes per year.
“Our collaboration also covers LNG deliveries through the Fluxys LNG terminal in Zeebrugge in Belgium,” he said at a media event at the QatarEnergy headquarters here on Sunday.
“However, this partnership agreement is different. It is Eni’s first entry into the upstream sector in the State of Qatar. And I take special pleasure in welcoming them as new member of Qatar’s LNG family,” he said.
QatarEnergy yesterday selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.
This announcement marks the second partnership in the $28.75bn NFE mega project, which will expand Qatar’s LNG production capacity from the current 77mn tonnes per year to 110mn tpy.
Al-Kaabi welcomed Claudio Descalzi, the CEO of Eni, to the event where the Italian multinational oil and gas company was announced as a partner to the “unique and strategic” North Field East (NFE) expansion project.
“I would like to thank Mr Descalzi for Eni’s participation in this competitive process and to congratulate him on the signing of this agreement, which will significantly strengthen our mutual cooperation for decades to come,” al-Kaabi said.
Pursuant to the agreement, QatarEnergy and Eni will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Eni will hold the remaining 25% interest.
The JV will in turn own 12.5% of the entire NFE project, whose four mega LNG trains have a combined nameplate capacity of 32mn tonnes per year.