This builds on agreements from last year for a 9.3% stake in North Field’s expansion project.
DOHA: Qatar has agreed to supply France’s TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday.
“These two new agreements we have signed with our partner TotalEnergies, demonstrate our continued commitment to the European markets in general, and to the French market in particular, thus contributing to France’s energy security,” Qatari energy minister Saad Al-Kaabi said. In June 2022, the French energy giant became the first partner in the first phase of the expansion, North Field East, investing more than US$2 billion for a 6.25% total share.“Our commitment to ensure continued and reliable supplies of energy to Europe and the rest of the world is underpinned by our substantial and ongoing investments across the entire gas value chain,” al-Kaabi, who is also chief of QatarEnergy added.
The main market for Qatari gas has traditionally been found in Asia, led by nations like China, Japan and South Korea.
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