QatarEnergy selects Eni as 2nd partner in NFE expansion project

QatarEnergy has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This announcement marks the second partnership in the $28.75 billion NFE mega project, which will expand Qatar’s LNG production capacity from the current 77 million tons per annum (MTPA) to 110 MTPA. Pursuant to the agreement, QatarEnergy and Eni will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Eni will hold the remaining 25% interest. The JV will in turn own 12.5% of the entire NFE project, whose 4 mega LNG trains have a combined nameplate capacity of 32 MTPA. —CATHERINE W GICHUKI page 9