Shell confirms taking part in Qatar’s LNG expansion

The oil company will join TotalEnergies, ExxonMobil, Eni and ConocoPhillips in helping QatarEnergy improve its LNG infrastructure for the future.

Shell has been selected by QatarEnergy as a partner in the North Field East expansion project in Qatar, one of the largest projects in the history of the LNG industry. The oil company will hold a 25% share in a joint venture company which will own 25% of the expansion project, including the four mega LNG trains with a combined nameplate capacity for the alternative fuel of 32 million tonnes per annum.

"I am honoured that Shell has been selected by QatarEnergy. Through its pioneering integration with carbon capture and storage, this landmark project will help provide LNG the world urgently needs with a lower carbon footprint. Lower carbon natural gas is a key pillar of our Powering Progress strategy and will also help us achieve our target of becoming a net-zero emissions business by 2050,” said Ben van Beurden, CEO of Shell.

The firm’s investment in this LNG expansion will support delivery of supplies of natural gas to markets around the world. The project will also be integrated with carbon capture and sequestration to reduce emissions.

“This agreement deepens our strategic partnership with QatarEnergy which includes multiple international partnerships such as the world-class Pearl GTL asset. We are committed to maximise the value of the LNG expansion for the State of Qatar and continue to be a trusted, reliable and long-term partner in Qatar’s continued progress,” added Van Beurden.

At the beginning of June it was reported that the LNG project was set to be a joint venture between QatarEnergy, TotalEnergies, Shell, ExxonMobil, Eni and ConocoPhillips. All foreign companies have agreed to set up and own 25% of five different joint ventures alongside QatarEnergy. While Shell’s, TotalEnergies’ and ExxonMobil’s joint ventures will each own 25% of the North Field East project, Eni’s and ConocoPhillips’ ventures will each own 12,5% of the project.