Qatar Energy will name its first partner for the next phase of its 48 million tons per year as part of its expansion. LNG has confirmed that at least one company has already signed a deal and others such as Total Energies, Exxon Mobil, Shell, Eni and ConocoPhillips have won stakes in the project and are all in the running for the phase two awards. Qatar also pitched the expansion to multiple Asian LNG buyers but to no avail. In light of recent Russian sanctions, this project will see Qatar grow their influence on the global markets significantly as they meet demands in Europe. In relation to carbon conscious buyers, The LNG projects will include greenhouse gas mitigation measures, including carbon capture and sequestration and methane leak reduction technology costing more than $250 million. This is a great selling point to carbon-conscious global buyers because it emphasizes the effort made to lower emissions.
Qatar Energy will name its first partner for the next phase of its 48 million tons per year as part of its expansion. LNG has confirmed that at least one company has already signed a deal and others such as Total Energies, Exxon Mobil, Shell, Eni and ConocoPhillips have won stakes in the project and are all in the running for the phase two awards. Qatar also pitched the expansion to multiple Asian LNG buyers but to no avail. In light of recent Russian sanctions, this project will see Qatar grow their influence on the global markets significantly as they meet demands in Europe. In relation to carbon conscious buyers, The LNG projects will include greenhouse gas mitigation measures, including carbon capture and sequestration and methane leak reduction technology costing more than $250 million. This is a great selling point to carbon-conscious global buyers because it emphasizes the effort made to lower emissions.
Qatar Poised to Award Next LNG Prize
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