Total Energies participates in the expansion of the North South Field with a 9.3% stake (QNA/Twitter)
got company”Total Energy“France has acquired a new stake in Qatar’s plans to expand its gas production with its selection as a major partner, in the midst of energy crisis european wallpaper Russia’s war on Ukraine.
The Minister of State for Energy Affairs, Managing Director and CEO of Qatar Energy Saad Sherida Al-Kaabi, at a press conference in Doha, today, Saturday, said that the French company, which agreed in June to invest $2.5 billion, 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 retains a 75% stake in the North-South Field.
The CEO of Qatar Energy indicated that the company had completed the construction and lease contracts of 60 tankers liquefied natural gas Long-term, and may reach 100 in the near future.
For his part, CEO of “Total Energies” Patrick Jean Pouyanneh, said that the company is investing about $1.5 billion in the South North Field project.
In the same press conference, he stressed that the agreement came “at the right time”, as most world leaders know the new demand for liquefied natural gas, especially in Europe, noting that the world will need “a lot” of gas by 2025-2027.