Total Energies participates in the expansion of the North South Field with a 9.3% share (QNA / Twitter)
I have company “Total energy“France has acquired a new stake in Qatar’s plans to expand its gas production with its selection as a lead partner, in the midst of energy crisis European wallpaper Russia’s war on Ukraine.
The Minister of State for Energy, Chief Executive Officer and Chief Executive Officer of Qatar Energy Saad Sherida Al-Kaabi, at a press conference in Doha on Saturday, said the French company, which agreed to invest $ 2.5 billion in June, will also join efforts to expand the project. North-South Field in Qatar.
Al-Kaabi added that Total Energy is participating in the expansion of the North-South Field with a 9.3% share of the total 25% of all international partners, while Qatar maintains a 75% share in the North-South. Field.
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Qatar Energy’s CEO indicated that the company has completed construction and lease contracts for 60 oil tankers liquefied natural gas Long-term and could reach 100 in the near future.
For his part, “Total Energies” CEO Patrick Jean Pouyanneh said the company is investing approximately $ 1.5 billion in the South North Field project.
In the same press conference, he stressed that the agreement has come “at the right time”, as most world leaders know about the new demand for liquefied natural gas, especially in Europe, noting that the world will need “a lot” of gas. by 2025-2027.
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