QatarEnergy Selects Shell as Final Partner in Mega LNG Project

QatarEnergy’s agreement with Shell this month is the last related to the $28.8 billion North Field East expansion project, the world’s single largest LNG project.

QatarEnergy Selects Shell as Final Partner in Mega LNG Project

The agreement between QatarEnergy and Shell also fits into the U.K.-based company’s energy transition business strategy. Pictured, Shell CEO Ben van Beurden and Minister of State for Energy Affairs Saad Sherida Al-Kaabi. (Source: QatarEnergy)

State-owned QatarEnergy has selected Shell Plc as its fifth and final international partner in the $28.8 billion North Field East (NFE) expansion development, the world’s single largest LNG project, which will see Qatar solidify its position as the world’s top LNG exporter.

Per the agreement, QatarEnergy and Shell will team up in a new joint venture (JV) company with the former holding a controlling 75% working interest and the latter holding the remaining 25%, QatarEnergy announced July 5 in a press statement. The JV will hold a 25% in the entire NFE development, which will consist of four LNG trains with a combined nameplate capacity of 32 million tons per annum (mtpa). Initial gas shipments from the development are expected in early 2026.

“Today’s announcement marks the successful conclusion of the selection of our international energy company partners in the North Field East project, through which QatarEnergy and its partners reaffirm their commitment to the energy transition and to the safe and reliable supply of cleaner energy to the world,” the Minister of State for Energy Affairs Saad Sherida Al-Kaabi said.

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Pietro Pitts

Pietro Donatello Pitts is a senior energy reporter for Hart Energy. He covers Latin America and the Caribbean as well as regions from North America to Europe, Africa and Asia. He covers topics spanning from the upstream, midstream and downstream sectors to the energy transition and geopolitical events impacting the global energy sector.