State-owned Qatar Petroleum (QP) is moving ahead with the largest liquefied natural gas (LNG) export project ever to be sanctioned, staking a claim to the world’s projected future demand.

QP announced a positive final investment decision (FID) Monday for the North Field East (NFE) Project, which has been in the works for years and would produce 33 million metric tons/year (mmty). The project would boost Qatar’s overall LNG production capacity to 110 mmty from 77 mmty. The new facilities would receive 6 Bcf/d from the North Field, considered the world’s largest non-associated gas field. Qatar is already the world’s largest LNG exporter. 

The NFE project is expected to cost $28.75 billion. 

CEO Saad Sherida Al-Kaabi said QP is in discussions with other energy majors...