April 10, 2021, 14:35

Qatari State Petroleum Giant to Construct World’s Largest LNG Project

Qatari State Petroleum Giant to Construct World’s Largest LNG Project

MOSCOW (Sputnik) – State-owned oil and gas company Qatar Petroleum (QP) is set to develop the world’s largest liquefied natural gas LNG project — the North Field East Project (NFE), which is expected to boost Qatar’s LNG production volume to 110 million tonnes per year, the company said.

“Qatar Petroleum took the final investment decision for developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA,” the company said in a press release on Monday.

The NFE project will also produce liquefied petroleum gas, condensate, ethane, sulfur and helium. The production is expected to start in the fourth quarter of 2025 and it will reach about 1.4 million barrels of oil equivalent per day.

The world’s largest LNG project is estimated to cost $28.75 billion, making it one of the energy industry’s largest investments.

Source: sputniknews.com

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