Qatar
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The sales and purchase agreement obliges Taiwan’s national oil company, CPC, to buy 4 mtpa of liquefied natural gas for 27 years while Taipei also acquires equity in the North Field East. -
The contractor sells rigs and Qatar JV stake to Gulf Drilling International in $338 million deal.
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With its North Field development project in full swing to the south and east, Qatar is now turning west to supercharge its plan to raise LNG production by almost 85% before 2030.
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The US has had a lackluster response to the emergence of the technology, currently lacking any comprehensive roadmap for adoption, which translates into a low adoption rate.
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Lebanon hopes to join the club of EastMed gas producers as TotalEnergies and its partners spud an appraisal well near Beirut’s maritime border with Israel where gas is already being produced.
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McDermott’s latest EPCI contract on Qatar’s North Field expansion focuses on subsea cabling and offshore/onshore pipelines to be fabricated locally.
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Sinopec becomes the first Asian equity holder in the NFE expansion after having signed a 27-year sales and purchase agreement with Qatar, the longest term in the industry.
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Eni and ConocoPhillips will join TotalEnergies as international partners with QatarEnergy on the North Field East Expansion, the world’s single largest LNG project ever.
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QatarEnergy has tapped TotalEnergies as its first international joint venture partner for the North Field East expansion—the world’s largest LNG project ever.
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The deal also includes a second, lump-sum contract to expand sulfur-handling, storage, and loading facilities.
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