QatarEnergy selects Shell for LNG venture

QatarEnergy has selected Shell as a partner in the North Field East expansion project in Qatar, the single largest project in the history of the liquefied natural gas (LNG) industry.

The UK-based Shell will hold a 25 percent share in a joint venture company which will own 25 percent of the North Field East expansion project, including the four mega LNG trains with a combined nameplate LNG capacity of 32 million tons per annum.

Shell’s investment in this LNG expansion will support delivery of much-needed supplies of natural gas to markets around the world. The project will also be integrated with carbon capture and sequestration to reduce emissions.Shell Chief Executive Officer Ben van Beurden said: “Through its integration with carbon capture and storage, this landmark project will help provide LNG the world urgently needs with a lower carbon footprint. Lower carbon natural gas is a key pillar of our Powering Progress strategy and will also help us achieve our target of becoming a net-zero emissions business by 2050.”

Earlier, ExxonMobil and QatarEnergy have signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha.