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However, after facing huge cost escalation, it was reported to be $18 billion in 2007, [1] and, according to QatarEnergy sources, final project cost is expected to reach as high as $24 billion. [10] Because Shell's contract provided them with the input gas for free, the project was calculated to be viable once the price of oil exceeded $40 per ...
Qatar will bring on board Shell and Exxon Mobil as partners in the second phase of the Gulf country's giant liquefied natural gas (LNG) expansion, three sources familiar with the matter told Reuters.
Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for energy, said at a news conference. The development contract for North Field ...
Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy CEO Saad al-Kaabi told a news conference. TotalEnergies and Exxon will also hold 6.25% stakes. UPDATE 2-Shell ...
In October 2021, Shell Qatar presented Qatargas with the Reliable Asset Award for 2020 and the beginning of 2021. [78] [79] In November 2021, a project to build carbon dioxide sequestration facilities at Ras Laffan was announced and would be led by Qatargas along with Axens. The companies TEG technology was the reasoning for the selection of Axens.
For the $28.7 billion NFE expansion project, QatarEnergy has partnered with five global energy companies that have acquired 25% stake in the project. These include Shell, TotalEnergies and ExxonMobil, each with 6.25%, and Eni and ConocoPhillips, each with 3.125% stakes. In a first phase, LNG export capacity is expected to increase from 77 ...
Shell (SHEL) to take a 6.25% interest in the North Field East expansion megaproject for an undisclosed consideration.
QatarEnergy (Arabic: قطر للطاقة), formerly Qatar Petroleum (QP), [1] is a state owned petroleum company of Qatar.The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage.