ENI, ConocoPhillips and ExxonMobil join NFE project
June 21, 2022
Following the creation of a new joint venture in partnership with TotalEnergies, three other companies: ENI, ConocoPhillips and ExxonMobil joined QatarEnergy as partners in the North Field East expansion project. The project will include 4 mega liquefaction trains with a combined nameplate capacity of 32 MTPA and will consist of 4 joint ventures. QatarEnergy will be holding a 75% interest in each JV. The remaining interests are allocated as follows:
- TotalEnergies will hold a 25% interest in its joint venture, which will own 25% of the NFE project
- ENI will hold a 25% interest in its joint venture, which will own 12.5% of the project
- ConocoPhillips will hold a 25% interest in its joint venture, which will own 12.5% of the project
- ExxonMobil will hold a 25% interest in its joint venture, which will own 25% of the project.
Edited from QatarEnergy Press Releases