Shell to Enter Qatar's Giant LNG Project
05 July 2022 - 9:33PM
Dow Jones News
By Jaime Llinares Taboada
Shell PLC said Tuesday that it has been selected by QatarEnergy
to participate in the North Field East liquefied natural gas
expansion project in Qatar.
The U.K. energy giant said it will hold a 25% stake in a joint
venture which will own 25% of the project, including four LNG
trains with a combined liquefaction capacity of 32 million metric
tons a year.
This is the largest project in the history of the LNG industry
and will support the delivery of much-needed gas supplies to market
around the world, Shell said.
"Through its pioneering integration with carbon capture and
storage, this landmark project will help provide LNG the world
urgently needs with a lower carbon footprint," Chief Executive Ben
van Beurden said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 05, 2022 07:18 ET (11:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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