Qatar Petroleum (QP) has planned to announce details of the second phase of it North Field South LNG project within a year.
Qatar Petroleum will detail plans on its next liquified natural gas (LNG) expansion, which will include two new LNG processing plants, by the end of this year or the beginning of 2022, a Reuters report said.
QP CEO Saad al-Kaabi confirmed this to the CERAWeek by IHS Markit conference, where he also outlined potential partners for the state-run company.
“We look for Exxon definitely to be one of our partners going forward,” said Kaabi, referring to American multinational oil and gas corporation Exxon Mobil.
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The second phase of the project is set to increase its LNG capacity from 110 million metric tonnes per year [mmtpy] to 126 mmtpy.
In February, QP signed a contract for the first phase of its North Field LNG project expansion, the largest single LNG project ever to be sanctioned.