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QatarEnergy has selected ExxonMobil as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. A special ceremony was held at QatarEnergy’s headquarters in Doha to mark the occasion, during which Minister of State for Energy Affairs, President and CEO of QatarEnergy HE Saad Sherida Al Kaabi, and Darren Woods, the Chairman and CEO of ExxonMobil, signed the partnership agreement in the presence of senior executives from both sides. The agreement stipulates a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while ExxonMobil will hold the remaining 25% interest. The new JV will own 25% of the entire NFE project, which includes 4 mega LNG trains with a combined LNG capacity of 32 MTPA. Al Kaabi said, “Today, we are signing a partnership agreement with ExxonMobil, our strategic and long-term partner, with whom we have enjoyed successful and fruitful relations in Qatar and across the globe.” page 8
