Editing Economy of Qatar (section)

=== North Field LNG project ===

On 8 February 2021, the world's largest LNG supplier, Qatar Petroleum (now QatarEnergy), signed an [[Engineering, procurement, and construction|EPC-contract]] with [[Chiyoda Corporation|Chiyoda]] and [[Technip]] for the North Field East (NFE) expansion project to increase QE's annually LNG output by 40% until 2026.<ref>{{Cite news |date=2021-02-08 |title=Qatar Petroleum signs deal for mega-LNG expansion |language=en |work=Reuters |url=https://www.reuters.com/article/qatar-petroleum-lng-int-idUSKBN2A81ST |access-date=2023-06-16}}</ref> 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 million tons per year to 110 million tons per year by 2026.<ref>{{Cite news |last=Dahan |first=Maha El |date=2022-06-12 |title=QatarEnergy signs deal with TotalEnergies for North Field East project |language=en |work=Reuters |url=https://www.reuters.com/business/energy/qatarenergy-says-will-announce-more-partners-coming-days-gas-field-expansion-2022-06-12/ |access-date=2023-06-16}}</ref><ref>{{Cite web |title=QatarEnergy, ConocoPhillips tie up for LNG expansion project {{!}} Hellenic Shipping News Worldwide |url=https://www.hellenicshippingnews.com/qatarenergy-conocophillips-tie-up-for-lng-expansion-project/ |access-date=2023-06-16 |website=www.hellenicshippingnews.com}}</ref>

On 20 June 2022, Minister of State for Energy [[Saad Sherida al-Kaabi|Saad Sherida Al-Kaabi]] said at a press conference at the QatarEnergy that the expected production increase from this project will be 32.6 million tonnes annually. [[Ethane]] produced from the project would be 1.5 million tonnes per year, LPG 4 million tonnes per year, 250.000 barrels of [[Natural-gas condensate|condensate]] and 5.000 tonnes of helium per day.<ref>{{Cite web |last=John |first=Pratap |date=2022-06-22 |title=QatarEnergy joins hands with four global majors in North Field LNG expansion project |url=https://www.gulf-times.com/story/719743/qatarenergy-joins-hands-with-four-global-majors-in-north-field-lng-expansion-project |access-date=2023-06-16 |website=Gulf Times |language=en}}</ref><ref>{{Cite news |date=2021-02-08 |title=Qatar Petroleum signs deal for mega-LNG expansion |language=en |work=Reuters |url=https://www.reuters.com/article/qatar-petroleum-lng-int-idUSKBN2A81ST |access-date=2023-06-16}}</ref>

In a second phase, the North Field South (NFS) project, Shell and TotalEnergies have each acquired 9.375% and ConocoPhillips 6.25% stakes. QatarEnergy plans to increase LNG production with the NFS project to 126 million tons per year beginning in 2028.<ref>{{Cite news |last1=Dahan |first1=Maha El |last2=Mills |first2=Andrew |date=2023-04-12 |title=China's Sinopec to take stake in Qatar's North Field East |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/chinas-sinopec-take-5-share-qatars-north-field-east-qna-2023-04-12/ |access-date=2023-06-16}}</ref>

In April 2023, [[Sinopec]] acquired a 5% stake in an 8 million tonnes per year LNG train.<ref>{{Cite web |title=Sinopec to join QatarEnergy's $29bn North Field East expansion project |date=13 April 2023 |url=https://www.nsenergybusiness.com/news/sinopec-join-qatarenergy-north-field-east-expansion-project/ |access-date=2023-06-16 |language=en-US}}</ref>