QatarEnergy has announced the signing of a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project.
Pursuant to the terms of the agreement, QatarEnergy will transfer to Sinopec a 5% interest in the equivalent of one NFE train with a capacity of 8 million tons per annum (MTPA). This agreement will not affect the participating interests of any of the other shareholders.
This agreement is the first of its kind after last year’s series of partnership announcements in the USD 28.75bn NFE project, which will raise Qatar’s LNG export capacity from the current 77 MTPA to 110 MTPA.
