Qatar Petroleum Moves Forward with North Field East LNG Project
State owned Qatar Petroleum (QP) recently announced that it will indeed proceed with the nearly $30 billion-dollar North Field East (NFE) LNG export project in the country. The company added that it is believed to be the world’s largest of its kind.
QP announced its final investment decision of $28.75 billion in early February for a project that has been undergoing planning for many years. NFE will include four new LNG trains with a capacity for 32 MMtpy of LNG and is scheduled to begin production in 2025.
NFE is the first phase of a plan by QP to increase its LNG production. Once online, NFE will boost Qatar’s LNG output from 77 MMtpy to 110 MMtpy. A second phase named North Field South (NFS) is the next step under consideration, and would add two additional trains with a combined 16 MMtpy of LNG in 2027 to further boost Qatar production to 126 MMtpy.
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