QatarEnergy partners with TotalEnergies in the North Field South expansion project

QatarEnergy announced that it has selected TotalEnergies as the first international partner in the North Field South (NFS) expansion project.

The NFS project, which comprises 2 LNG mega trains with a combined capacity of 16 million tons per annum (MTPA), will raise Qatar’s total LNG export capacity to 126 MTPA.

After the deal, TotalEnergies will have an effective net participating interest of 9.375 percent in the NFS project (out of a total 25% interest available for international partners) while QatarEnergy will hold a 75 percent interest.

H. E. Minister Al-Kaabi said: “QatarEnergy is moving forward, to help meet growing global demand for cleaner energy, of which LNG is the backbone for a serious and realistic energy transition. We are committing significant investments to lower the carbon intensity of our energy products, which constitutes a key pillar of QatarEnergy’s sustainability and energy transition strategy.”

The North Field Expansion Project, comprising NFS and the North Field East (NFE) expansion projects, is the industry’s largest ever LNG project. It will start production in 2026 and will add more than 48 MTPA to the world’s LNG supplies. Five partnership agreements have been signed in June and July this year covering the NFE project, which comprises 4 mega LNG trains with a combined capacity of 32 MTPA.

Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, added: "Following North Field East, we are truly honored and proud that Qatar has once again chosen TotalEnergies to be QatarEnergy’s first partner in North Field South. The State of Qatar’s ambitious leadership in further developing its natural gas resources through this expansion project, which ranks among the world's most competitive in terms of costs and low emissions, will make a major contribution to increasing LNG supply in the years to come. We consider Qatar as a long-term strategic country for TotalEnergies and this latest addition to our portfolio marks an important step toward our low-carbon LNG growth objectives, a key pillar of TotalEnergies’ transformation into a sustainable multi-energy company. It will also further strengthen our ability, together with Qatar, to support Europe’s energy security."

Through its combined participating interests in NFE (6.25%) and NFS, TotalEnergies will add 3.5 Mtpa of LNG production to its growing worldwide LNG portfolio by 2028, in line with the Company’s objective to increase the share of natural gas in its sales mix to 50 percent by 2030.

The partnership agreement was signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Mr. Patrick Pouyanné, Chairman of the Board and CEO of TotalEnergies, during a ceremony held today at QatarEnergy’s headquarters in Doha and attended by senior executives from both companies.