QatarEnergy exercises contract options for North Field Expansion Project EPC-3 Contract with Técnicas Reunidas

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QatarEnergy has exercised the North Field South Options for the North Field Expansion Project EPC-3 contract to expand the existing liquid product storage and loading facilities required for two future additional LNG trains that are planned for the North Field South project. 

The North Field Expansion Project EPC-3 contract, which was awarded on 19 August 2021 to Técnicas Reunidas, provides for the engineering, procurement, and construction (EPC) to expand the existing infrastructure for increased liquid production from four new LNG trains announced in February 2021 for the North Field East project with scheduled start-up of the first LNG train by year-end 2025. 

The exercise of the North Field South options includes the expansion of existing liquid storage and loading facilities for light naphtha and field condensate, propane and butane and the expansion of existing storage facilities for Mono-ethylene glycol, within Ras Laffan Industrial City. The planned duration of the project is now 47 months, and the contract value exceeds 800 million dollars.  

This contract is the culmination of front-end engineering and design (FEED) work that began in early 2018. When completed, the North Field East (NFE) Project will increase the State of Qatar’s liquefied natural gas (LNG) production capacity from 77 million tons per annum (Mtpa) to 110 Mtpa.  The second phase of the planned LNG expansion for the North Field South (NFS) Project, will further increase Qatar’s LNG production capacity from 110 Mtpa to 126 Mtpa. The NFE Project and NFS Project are both part of the North Field Expansion (NFXP) Project.

Source: Tecnicas Reunidas

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Qatargas Signs Long Term SPA to Supply LNG to Kuwait

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Qatargas announced the signing of a new, long term Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to the State of Kuwait, commencing this year.

Commenting on the signing of the SPA, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation. These agreements demonstrate our commitment to the State of Kuwait, which is a very important LNG market and is part of our strive to be the LNG supplier of choice for our customers. I would like to take this opportunity to thank our valued partner, Shell, with whom we share a long history of fruitful collaboration and we look forward to continuing to work together to put LNG at the forefront of the world’s drive towards cleaner and more sustainable energy sources.”

His Excellency Minister Al-Kaabi added, “This new SPA also further underlines Qatargas’ position as the market leader in LNG and demonstrates the Company’s distinguished track-record of providing reliable LNG to the global market place and its continued ability to capture opportunities in a highly competitive environment.”

Commenting on the new SPA, Khalid bin Khalifa Al Thani, Chief Executive Officer, Qatargas, said, “Qatargas is delighted to conclude this new SPA with Shell. We believe this agreement provides a win-win solution for both companies and deepens the relationship with a valued partner and shareholder. Qatargas is committed to meeting the clean energy needs of customers who depend upon reliable, flexible LNG deliveries.”

The SPA provides for the supply of LNG from Qatar Liquefied Gas Company Limited (4) (“Qatargas 4″), a joint venture between Qatar Petroleum (70%) and Shell (30%).

Source:http://bit.ly/2vtUMWK