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ConocoPhillips acquires stake in Qatar's $30 billion LNG expansion project

 Last Update: 2022-10-08
 Source: Internet
 Author: User

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Qatar Energy signed an agreement with ConocoPhillips on Monday, following an agreement with Total Energy and Eni, on the Gulf state's North Another agreement signed for the Field East expansion project, currently the largest LNG project in the world

Qatar is working with international companies on the first and most significant phase of the project's nearly $30 billion expansion, which will boost Qatar's position as the world's largest LNG exporter

The two companies will form a joint venture that will hold a 12.

The agreement, similar to the one announced with Eni on Sunday, means ConocoPhillips will take a 3.

Qatar Energy CEO Saad al-Kaabi said the partnership with the company will last for 27 years

"The deal is for 27 years

Overall, the North Field project expansion plan includes six LNG trains and will increase Qatar's liquefaction capacity from 77 million tons per year to 126 million tons by 2027

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