TotalEnergies SE has been awarded an equity stake in Qatar’s massive North Field East (NFE) liquefied natural gas (LNG) expansion project. 

The French major becomes the first partner in the 32 million metric tons/year (mmty) project. It was awarded a 25% interest alongside QatarEnergy (QE), which has a 75% stake.  

“This new partnership will enable us to reinforce our global LNG portfolio and, together with Qatar, it will support our ability to contribute to Europe energy security,” TotalEnergies CEO Patrick Pouyanné said at the award ceremony on Sunday.

[Want today’s Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

More partners in the massive NFE project are expected to be awarded stakes in the coming...