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Eni enters Qatar's largest LNG project in the world

 Last Update: 2022-09-14
 Source: Internet
 Author: User

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According to the MRCHUB website in Moscow on September 7, Qatar Energy said it has selected Eni as its new international partner

Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of Qatar Energy, and Claudio Descalzi, CEO of Eni Group, signed a cooperation agreement

Qatar Energy will hold a 75 percent stake and Eni Group will hold the remaining 25 percent,

The joint venture will hold a 12.

The NFE project will increase Qatar's LNG export capacity from the current 77 million tonnes/year to 110 million tonnes/year

The agreement marks the completion

The transaction is seen as a strategic move by Eni Group to expand its operations in the Middle East while acquiring operating rights to the world's leading LNG producer and retaining some of the world's largest natural gas reserves

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