News Post
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. 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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