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The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities
Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand
Along with LNG, the North Field expansion project will produce 6,500 tonnes per day of ethane gas, which will be used as feedstock in petrochemical industries
The agreement allows the companies to further raise the condensate volumes
The energy project aims to recover flared gas on three oil fields in order to supply power plants and build a seawater treatment plant to increase oil production
The company first entered offshore exploration in Canada in 2021 with a 40 per cent stake in ExxonMobil’s licence for EL 1165A
The plant is expected to startup in 2026
The partnership marks QatarEnergy’s first exploration endeavour in Lebanon
The acquisition is expected to close in the first half of 2023
The LNG will be sourced from two joint ventures between both entities that hold interests in Qatar’s North Field projects
ConocoPhillips will take a 6.25 per cent stake in the project, out of a 25 per cent interest available for international partners
Siraj Energy was established to finance, build, operate and maintain solar power facilities
These plants are to be built in Mesaieed Industrial City and Ras Laffan Industrial City
The Qatari company has signed up to the Aiming for Zero Methane Emissions Initiative
ExxonMobil will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of the North Field East project
TotalEnergies will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of North Field East