State-owned Qatar Energy (QE) has selected Exxon Mobil, TotalEnergies, Royal Dutch Shell and ConocoPhillips to serve as partners for expanding the North Field liquefied natural gas project, reported Reuters, citing people with knowledge of the matter.

The expansion project will enhance Qatar’s LNG production by 64% by 2027, which will in turn help to ensure a long-term gas supply to Europe.

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The North Field Expansion (NFE) plan includes six LNG trains that will boost Qatar’s liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027.

QE had planned to take a final investment decision alone on the $30bn North Field expansion project.

It, however, opened a bid seeking partners for the expansion project.

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In May 2021, the four companies that are already a part of current LNG production in the country, submitted bids along with new entrants Chevron and Eni.

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Reuters reported citing four people aware of the matter that Exxon and Total were among the winners, while another source said Shell and Conoco will also take part in the project.

Even as QE took a decision on the winners, a formal announcement is likely to happen later this month, according to one of the sources.

QE said it will hold a signing ceremony next week, without indicating the subject.

The four energy firms are anticipated to have around 20-25% in total offtake of the new expansion project.
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Image: The North Field expansion will boost Qatar’s LNG output by 64% by 2027. Credit: Retina Creative from Pixabay.