Qatar's QP signs deal for mega LNG expansion (updated)

Chiyoda

08/02/2021 15:42

(Adds details)
    By Rania El Gamal
    DUBAI, Feb 8 (Reuters) - Qatar Petroleum (QP), the world's
top liquefied natural gas (LNG) supplier, on Monday signed a
contract for a first phase of expanding its North Field LNG
project, which will boost the country's LNG output to 110
million tonnes per year by 2026.
    The contract - which covers major onshore engineering,
procurement and construction - was signed with a joint venture
between Chiyoda and Technip  TNHPF.PK  and is known as North
Field East. 
    Production from that phase will start by the fourth quarter
of 2025 and reach full capacity by late 2026 or early 2027, QP's
CEO Saad al-Kaabi said in a virtual news conference.
    "The total cost of the project will be $28.7 billion, making
it one of the industry's largest investments in the past few
years and largest LNG capacity ever built," Kaabi said.
    

 (Reporting by Rania El Gamal; editing by David Evans)
 ((rania.elgamal@thomsonreuters.com;))