Huge gas deal between Qatar and France’s Total

The French company “Total Energy” obtained a new stake in Qatar’s plans to increase its gas production with its selection as a major partner in the expansion of a huge field, in the midst of the European energy crisis against the backdrop of the Russian war on Ukraine.
Qatari Energy Minister Saad Sherida al-Kaabi said at a press conference in Doha that the French company, which joined another expansion project in Qatar in June, will also join efforts to expand the North-South Field project.

“With a percentage of 9.375%, Qatar Energy announces the selection of Total Energy as a partner for the development of the North-South Field, and new partners will be announced at a later stage,” the Qatar News Agency stated.

A few months ago, Total Energy obtained a 6.25% stake in the Northeast Field Development Project, under an agreement signed on June 12 and valid until 2054.

The Russian invasion of Ukraine has redoubled efforts around the world to develop new sources of energy at a time when Western countries are trying to reduce their dependence on Russia.