Qatar to expand cooperation with ExxonMobil and Total on LNG production
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The Qatari authorities will continue to invest in LNG projects together with the US company ExxonMobil and the French company TotalEnergies, and will also strengthen cooperation. This was announced by the Emir of Qatar, Tamim bin Hamad Al Thani.
“We took the risk of investing in LNG with ExxonMobil and Total, but both companies have helped us grow the industry and we look forward to strengthening our partnership in the coming decades, including projects outside of Qatar,” Al said. Tanya in an interview with a magazine Le Point. However, according to him, supplies from Qatar will not be able to completely replace Russian energy resources for European countries.
In February 2021, the Qatari state-owned oil and gas company Qatar Petroleum began building a project to develop the world’s largest gas field North Field East and build an LNG plant on its basis. In June 2022, ExxonMobil and TotalEnergies joined the project. The cost of the project was estimated at $30 billion.
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