North Field East

After several years of chronically tight LNG markets, there was optimism among LNG buyers at the start of 2011. It seemed like the tables were turning in the favor of downstream buyers that had invested heavily in import infrastructure only to see terminals underutilized.

QatarEnergy said Wednesday it has agreed to supply Shell plc with 3.5 million tons (Mt) of LNG from its massive North Field expansion project for nearly three decades.  The liquefied natural gas would come from the 32 Mt/year North Field East (NFE) project and the 16 Mt/year North Field South (NFS) project. Shell was awarded…

Qatar, one of the top global LNG exporters, is having a banner year. The country has signed record volumes of long-term liquified natural gas supply contracts with new and existing buyers.  But it remains uncertain how much of the additional capacity that is being developed by QatarEnergy (QE)  will be committed by the end of…

QatarEnergy has signed a 1.8 million metric ton/year (mmty), 15-year contract with Bangladesh’s national natural gas company as the marketing push for North Field LNG continues. Under the agreement, QatarEnergy’s liquefied natural gas trading arm could begin delivering cargoes to the Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) starting in 2026. Supply is to be…

China Petroleum and Chemical Corp., aka Sinopec, has agreed to take a stake in QatarEnergy’s North Field East (NFE) LNG expansion project, the first equity deal between a Chinese state-owned firm and the major natural gas exporter. Sinopec negotiated a 5% stake in one of the four 8 million metric ton/year (mmty) capacity trains outlined…

QatarEnergy said this week it would consolidate all export product marketing, bringing the sale of LNG and helium assets managed by an affiliate into its fold to strengthen its global gas business and better compete with major portfolio players. CEO Saad bin Sherida Al-Kaabi said the move is a “strategic decision” taken as part of…

ConocoPhillips has been selected as a partner in QatarEnergy’s North Field South (NFS) LNG expansion project with a 6.25% stake awarded to one of the world’s largest independents. ConocoPhillips is the third company to sign on to the two-train, 16 million metric ton/year (mmty) capacity liquefied natural gas project planned from Qatar’s prolific North Field.…

Gazprom PJSC has booked additional natural gas transit capacity via pipeline through Ukraine for July. The company secured another 15 million cubic meters/day of capacity. Russia has a long-term agreement to move 40 billion cubic meters through the country annually. Russia skipped auctions for additional capacity in April and May as gas supplies to Europe…