Three new partnerships will be announced for the North Field South (NFS) project in addition to the recent partnership with TotalEnergies, according to HE Saad Sherida Al-Kaabi, president and CEO of QatarEnergy.
Speaking at the Energy Intelligence Forum in London, Al-Kaabi noted that the North Field East, NFS, and Golden Pass projects will bring a total of 48 million tons of LNG per annum, stressing that Qatar alone will bring most of the new LNG volumes between 2025 and 2027.
“The partnership model we are adopting has been very successful in making us what we are today, giving us the ability to develop the best competencies, capabilities, technologies, and marketing support. We are grateful for our all our partners who are working with us hand in hand to reach where we are,” Al-Kaabi noted.
Commenting on Qatar’s role in sustainability, Al-Kaabi said that Qatar will inaugurate Al-Kharsaah solar power station later this month, which has a capacity of 800 MW, which he said is “quite a lot for a major gas producer.”
“We are the largest MENA country in terms of injecting CO2, as part of our carbon capture and sequestration efforts. We are currently injecting 2.5 million tons as we speak, which will grow to over 11 million tons of CO2 per annum by 2035,” Al-Kaabi added.
On energy transition, Minister Al-Kaabi called for a responsible transition in which natural gas is a destination fuel accompanied by carbon sequestration and storage as well as methane abatement.
Ealier this week, Al-Kaabi received the 2022 Energy Intelligence Energy Executive of the Year Award during an awards ceremony that was held in London with the attendance of senior energy officials.
Al-Kaabi is the 26th winner of the award and was described by Energy Intelligence “as a formidable negotiator” who has transformed Qatar’s energy industry.
