QatarEnergy, ConocoPhillips Tie Up for 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, Reuters

QatarEnergy on June 20 signed a deal with ConocoPhillips Co. for the Gulf state’s North Field East expansion, the world’s largest LNG project, following agreements with TotalEnergies SE and Eni SpA.

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 that will take a 12.5% stake in North Field East and ConocoPhillips will have a 25% stake in that joint venture.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access