Qatar to detail next LNG expansion within a year
Qatar Petroleum will announce within a year detailed plans for the second phase of expansion of its North Field South LNG project, the head of the world’s largest LNG producer said.
The expansion project will add two new LNG processing plants, known as trains, and will be announced by the end of the year or early in 2022, Qatar Petroleum (QP) CEO Saad al-Kaabi told the CERAWeek by IHS Markit conference.
Last month, QP signed a contract for the first phase of its North Field LNG project expansion, aiming to boost the country’s LNG production capacity to 110 million tonnes per annum (mtpa) by 2026 from 77 MMtpy in the largest single LNG project ever to be sanctioned.
“We will be announcing by the end of the year or first quarter next year the implementation of North Field South,” Kaabi said.
The large growth in LNG output will be underpinned by expectation for soaring demand for natural gas in the coming decades, he said.
Reporting by Ron Bousso and Marianna Parraga; Editing by David Goodman and David Evans
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