LNG

French major TotalEnergies is the first oil and gas major to be selected as a partner and shareholder in the Qatar North Field East liquified natural gas expansion project in the Arabian Gulf.

McDermott International, the US energy and engineering company, said it had received approval for a comprehensive restructuring plan supported by more than two-thirds of all its funded debt creditors.

Qatar Petroleum said the fabrication has been completed of the first two steel tubular structures required for offshore facilities as part of its North Field Expansion (NFE) project to increase Qatari output in a first stage to 110 million tonnes per annum of LNG from the current 77 MTPA.

Qatar has said that qualified shipyards in South Korea were being invited to participate in a tender for the provision of newbuild slots for dozens of LNG carriers required for the expansion of the Gulf nation’s North Field resources and the building of up to four new processing Trains.

Qatar Petroleum said all the contracts for the expansion project at the Ras Laffan complex would be awarded by the end of 2018 while the new 100 million tonnes per annum production target would be met by the end of 2023.

Qatar Petroleum, owner of the largest global liquefied natural gas producer Qatargas, has launched its latest corporate strategy aimed at increasing output from the current 77 million tonnes per annum to 100 MTPA of LNG in its Arab Gulf operations as it also expands its global energy exploration and production activities.