QatarEnergy chief executive Saad al-Kaabi announced on Sunday that Shell has become a partner in the state-owned company’s North Field South expansion. The company leader also revealed that Shell will have a 9.3% share in the project while Qatar Energy will hold a 75% share.
The North Field South expansion is set to be part of the world’s largest liquefied natural gas (LNG) project. According to Al-Kaabi, the development contract for the colossal project is set to be awarded during the first quarter of 2023.
In addition to this project, QatarEnergy also approached Shell to work together across other sectors as well. Other collaborations between the two entities include the deals for North Field East that were signed earlier this year. The first and larger phase in the two-phase North Field expansion plan, the North Field East project laid the groundwork for the six LNG trains that are expected to boost Qatar’s liquefaction capacity from 77 million tonnes per annum to 126 million tonnes by 2027.
The North Field is part of the world’s biggest gas field which runs along both Qatar and Iran, with Iran calling its portion South Pars.