Exxon Mobil Joins Qatar’s Mega-LNG Expansion Project

Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar's position as the world’s top LNG exporter.

Andrew Mills and Sabrina Valle, Reuters

QatarEnergy on June 21 signed a deal with Exxon Mobil Corp. for the Gulf state’s North Field East expansion, the world’s largest LNG project, following agreements with TotalEnergies SE, Eni SpA and ConocoPhillips Co.

Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar's position as the world’s top LNG exporter.

The companies will form a joint venture and Exxon Mobil will hold a 25% stake in that, QatarEnergy CEO Saad al-Kaabi said.

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