Skip to content Skip to Search
Skip navigation

Qatar awards $10bn contract to boost LNG project

The signing of the EPC contract for North Field South project by company executives

Qatar has signed a $10 billion contract with joint venture headed by French engineering and technology company Technip Energies which aims to substantially increase the capacity of the North Field South (NFS) gas project.

State-owned QatarEnergy signed the engineering, procurement, and construction contract for the NFS project with a joint venture consisting of Technip Energies and Athens-headquartered Consolidated Contractors Company (CCC), one of the largest construction companies in the Middle East.

The project comprises two LNG mega trains with 16 million tons per annum (MTPA) combined capacity, the energy major said in a statement.

Together, NFS and the North Field East (NFE) project will increase Qatar’s LNG production capacity from the current 77 MTPA to 126 MTPA.

QatarEnergy holds a 75 percent interest in the NFS project and has already signed partnership agreements with TotalEnergies, Shell, and ConocoPhillips for the remaining 25 percent.

QatarEnergy CEO Saad Al Kaabi said the NFS project includes one of the largest CO2 capture and sequestration facilities and constitutes an important step towards achieving QatarEnergy’s target of more than 11 MTPA of CO2 capture and sequestration by 2035.

The EPC contract’s scope covers the construction of two mega LNG trains with a capacity of 8 MTPA each, with associated facilities for gas treatment, natural gas liquids recovery, and helium extraction and refining within Ras Laffan Industrial City.

In addition to the carbon capture and sequestration facilities, NFS will import a significant portion of the project’s electrical power needs through renewables, which will be generated at QatarEnergy’s solar power facilities currently under construction in Ras Laffan Industrial City.

The project will have a ‘jetty boil-off gas’ recovery system, which will help reduce greenhouse gas emissions and conserve five million cubic metres of water per year by recovering 75 percent of the plant’s tertiary water.

Latest articles

More than 24 million people visited the World Expo event at Expo City Dubai between October 2021 and March 2022

Construction begins at Expo City Dubai site

Construction has begun on the first residential properties at Expo City Dubai, part of a mixed-use master plan to repurpose the legacy site after the world fair came to a close two years ago. Master developer Expo City Dubai announced last week that it has awarded four key contracts for its Mangrove Residences. UAE-based USF […]

Saudi housing costs rose nearly 9% year on year in May

Saudi housing costs rise but inflation remains steady

Housing costs in Saudi Arabia rose nearly 9 percent year on year in May, but it was not enough to push overall inflation in the kingdom over 2 percent. The latest data from the General Authority for Statistics showed the annual inflation rate in Saudi Arabia was 1.6 percent in May, having remained at this […]

OTB Group has a presence in Dubai with its Maison Margiela store in the Dubai Mall

Chalhoub Group in venture with Italian luxury brand

Luxury distributor Chalhoub Group has entered into a joint venture with Italian fashion conglomerate OTB Group to expand the brand’s footprint in the Gulf. OTB (which stands for Only The Brave) owns the Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf brands, the Staff International and Brave Kid companies, and holds a stake in the […]

Arid conditions brought about by the drought in Morocco are affecting the cost of sheep

Drought pushes up sheep price for Eid in Morocco

The price for a sheep in Morocco for the annual sacrifice at Eid al-Adha has increased on average at 10 times the 2.2 percent rate of inflation. A medium-sized female sheep costs MAD4000 ($400) as opposed to MAD3000 last year. This puts it out of range for many families in the country where a high […]