Expansion of the largest gas field in the world… Who is the partner that Qatar has chosen?

Energy Company “Qatar Energy” announced today, Tuesday, that it has chosen the American company “ExxonMobil” as its fourth partner in the project to develop the North Gas Field, which is the largest gas field in the world.

ExxonMobil will have a 6.25% stake in the $28.75 billion Northeast Field expansion project, which is being developed by Qatar, the same share as France’s Total Energy, while Italy’s Eni and America’s ConocoPhillips will own 3.1%. .

The project includes the expansion of the North Gas Field, which is the largest gas field in the world, in which Qatar shares with Iran, and the value of the project is estimated at about 28 billion dollars, according to “AFP”.

The field contains about 10% of the known natural gas reserves in the world, according to estimates by the Qatar Energy Company.

It should be noted that the gas production from the project is scheduled to start in 2026, as it will help Qatar increase its production of liquefied natural gas from 77 million tons to 110 million tons annually. AFP + TASS

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