Mitsui close to buying stake in $17.5bn Qatar LNG expansion
Japanese trading company Mitsui & Co is in advanced negotiations to buy a minority stake in Qatar’s North Field South LNG expansion, a 16 mtpa liquefaction project being developed at an estimated cost of $17.5 billion. The deal would give Mitsui access to one of the world’s lowest-cost LNG developments.
QatarEnergy graduation ceremony highlights quality value chain developed on back of increasing LNG exports
QatarEnergy, the leading LNG exporter and developer of major new liquefaction projects, has celebrated the graduation of a new group of Qatari nationals who have successfully completed their academic studies and training programmes to join the workforces of QatarEnergy and other companies established in the expanding sector.
QatarEnergy signs another block of partnership and cargo deals with Chinese major for Gulf LNG expansion
QatarEnergy has signed a second partnership and supply agreement with China Petroleum and Chemicals Corp. (Sinopec) for Qatar’s North Field South (NFS) expansion project in the Arabian Gulf after Sinopec had previously taken a stake in the other Qatar expansion, the North Field East (NFE) joint venture.
European engineers Technip Energies awarded key contract by Qatar for North Field South expansion project
Technip Energies, the European LNG and energy project engineers, said their joint venture has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS) in the Arabian Gulf.
Technip said its partner for the award is the Middle East-based company Consolidated Contractors Company.
“This award will cover the delivery of two mega-Trains, each with a capacity of 8 million tonnes per annum,” said Technip.
The company added that the work would include a large carbon-capture and sequestration CCS) facility of 1.5 MTPA, leading to 25 percent-plus reduction of greenhouse gas emissions when compared with similar LNG facilities.
The NFS expansion project will produce about 16 MTPA of additional LNG, increasing Qatar’s total production from 110 to 126 MTPA after the North Field East (NFE) project is completed as well.
Mega-Trains
“We are extremely honored to have been awarded by QatarEnergy this mega-LNG project, along with our long-standing partner CCC, a leading construction company for LNG Trains,” explained Arnaud Pieton, Chief Executive of Technip.
“This award is a testament to the trust, extent, and strength of our relationship with QatarEnergy,” added Pieton.
“This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low carbon LNG, critical in solving the trilemma for affordable, available and sustainable energy,” declared the CEO.
Technip has been active with a local presence since 1986 in Qatar, which it described as “a strategic country” for the company.
Global LNG engineering firms like Technip are benefiting from the future forecasts of high demand for LNG cargoes. The company posted net profits of €320.2 million ($340.6M) for 2022 compared with €252.4M in 2021.
The company also had a contract backlog of €12.75Bln at the end of December 2022.
The company’s most recent plant to come on stream was the Coral South floating LNG hull that started up in November 2022 offshore Mozambique.
Baker Hughes awarded LNG order from QatarEnergy for the North Field South expansion project
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, was awarded a major LNG order from QatarEnergy for the North Field South expansion project.
