logo

You are currently viewing: News

Back

22-06-2022

ExxonMobil and QatarEnergy to expand LNG production with North Field East agreement

ExxonMobil and QatarEnergy announced they have signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha.

  • ExxonMobil awarded 25% interest in North Field East joint venture
  • LNG provides cleaner energy than coal and can be transported to global markets
  • Production to increase from 77 million tons to 110 million tons per year

With North Field East, ExxonMobil’s participation in Qatar LNG volumes is expected to increase total capacity from 52 to 60 million tons per year. Under the terms of the agreement, QatarEnergy and ExxonMobil will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest with ExxonMobil holding the remaining 25% interest. The JV will own 25% of the entire North Field East project, including four LNG trains with a combined nameplate capacity of 32 million tons per year. 

The expansion of North Field East and increased LNG export capacity is one of Qatar’s key energy objectives. QatarEnergy is the operator and commenced the North Field East project in 2019. First LNG from North Field East is expected in 2026.

ExxonMobil has had a presence in Qatar since 1955 and long supported the development of the country’s LNG industry and energy sector.

Terms of the agreement are confidential.

Sponsor:

News Category:

Other News Items

  • Responsive image Catalysts & Adsorbents
  • Responsive image Transform your assets for a decarbonised future
  • Responsive image Decarbonizing through greener combustion
  • Responsive image Hydrogen - key to reach net zero goals
  • Responsive image Value Chain Optimization
  • Responsive image Energy & Sustainability Forum is coming to New Orleans
  • Responsive image Lummus New Hope Plastics Pyrolysis
  • Responsive image TRI-SHARK control valves
  • Responsive image Axens SAF Solutions
  • Responsive image Low carbon solutions
SPONSORS