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Both partner selection for Phase 1 of Qatar’s planned 48 million ton/yr LNG megaexpansion and a final investment decision on its 16 million ton/yr Phase 2, will now happen in the first quarter of next year, Qatari Energy Minister Saad al-Kaabi said. State-owned QP had previously indicated a decision on both by year-end 2021, with sources telling Energy Intelligence recently that investor selection for the up to 30% stake on offer in the 32 million ton/yr, $28.75 billion Phase 1 should take place by end-September. The Qatar LNG award had been the most eagerly anticipated investment announcement of the year. Heavy investment in carbon mitigation technologies, such as solarization of utilities and carbon capture and storage should make this the greenest LNG project of the year. Competition to win a slice of the project has been strong. “We have international partners that have bid for double the capacity [on offer] as a joint venture partner and double the offtake we have asked for,” al-Kaabi said. Exxon Mobil, TotalEnergies, Royal Dutch Shell, ConocoPhillips, Chevron and Eni have all been shortlisted for Phase 1. Additionally, QP is discussing the possibility of equity investment with a number of its key Asian customers.

Topics:
Gas Supply, LNG Projects
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