QatarEnergy partners with Shell for NFE expansion.

QatarEnergy has selected Shell as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry, concluding international energy company partner selection in the project.

The partnership agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Ben van Beurden, in the presence of senior executives from both companies.

Pursuant to the agreement, QatarEnergy and Shell will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest while Shell will hold the remaining 25% interest. In turn, the JV will own 25% of the entire NFE project, which includes 4 mega LNG trains with a combined nameplate LNG capacity of 32 million tons per annum (MTPA).

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