QatarEnergy chooses TotalEnergies as North Field South partner

QatarEnergy has selected TotalEnergies SE as the first international partner in the 16-million tonne/year (tpy) North Field South (NFS) LNG project. TotalEnergies will obtain a 9.375% participating interest in the NFS project – out of a total 25% available for international partners – with QatarEnergy holding the remaining 75%.

The upstream part of the project will develop the southern area of the North Field with five platforms, 50 wells, and natural gas pipelines to the onshore processing plant. Downstream will include two 8-million tpy liquefaction trains. NFS and 32-million tpy North Field East (NFE) form the wider North Field Expansion project, through which QatarEnergy plans to add 48 million tpy of LNG export capacity by 2028, bringing its total to 126 million tpy (OGJ Online, June 20, 2022).

TotalEnergies was also the first partner selected for NFE and holds 6.25% of the project, which combined with its stake in NFS will add 3.5 million tpy of LNG production to its portfolio by 2028. The companies say that NFS will benefit enough from synergies with NFE to make it one of the most cost-competitive LNG projects worldwide.

TotalEnergies will invest a total of roughly $1.5 billion in NFS.