Sunday, August 7 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
Week of Jul 04
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    ExxonMobil Joins Energy Majors Investing in Qatar Gas Project

    June 24, 2022 - Chemical Industry Digest


      Along with ConocoPhillips, TotalEnergies, and Eni SpA, ExxonMobil Corporation is participating in a $29 billion project to increase Qatar’s gas exports. The largest gas sector project, North Field East, which is scheduled to begin operations in early 2026, will receive a 6.25 percent interest from the US oil giant. As global demand for liquefied natural gas soars, the development will raise Qatar’s capacity to 110 million tons yearly from 77 million.

      Since Moscow’s invasion of Ukraine, European consumers have hurried to acquire non-Russian gas supply. The continent’s vulnerability was highlighted and the possibility of fuel rationing was raised when Gazprom PJSC restricted pipeline gas deliveries. In consequence, prices have skyrocketed in Europe.

      One of the few countries that can significantly replace Russian gas supplies to Europe is Qatar, one of the greatest LNG exporters in the world, but only until the additional gas begins to flow. North Field South is the name of the second phase of Qatar’s expansion. The nation will then produce 126 million tons of LNG annually. Many of the collaborators on that project will also be involved in North Field East.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.