State-owned oil and gas company Qatar Petroleum (QP) is set to develop the world's largest liquefied natural gas (LNG) project - the North Field East Project (NFE), which is expected to boost Qatar's LNG production volume to 110 million tons per year, Report informs, referring to Sputnik International.
"Qatar Petroleum took the final investment decision for developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA," the company said in a press release.
The NFE project will also produce liquefied petroleum gas, condensate, ethane, sulfur, and helium. The production is expected to start in the fourth quarter of 2025, and it will reach about 1.4 million barrels of oil equivalent per day.
"The main scope of the [engineering, procurement, and construction] EPC contract is the construction of 4 mega LNG trains with a capacity of 8 MMTPA each, with associated facilities for gas treatment, natural gas liquids recovery, as well as helium extraction and refining within Ras Laffan Industrial City," the QP added.
The world’s largest LNG project is estimated to cost $28.75 billion, making it one of the energy industry's largest investments.
The NFE project represents the first phase of LNG expansion in Qatar, while the second phase, referred to as the North Field South Project (NFS), will further increase Qatar’s LNG production capacity from 110 MMTPA to 126 MMTPA.
With an expected production start date in 2027, the NFS project involves constructing two additional mega LNG trains (with a capacity of 8 MMTPA each) and associated offshore and onshore facilities.