TotalEnergies will invest around $1.5 billion in the planned expansion of Qatar’s liquefied natural gas capacity to meet the demand of “hungry European countries”. This deal comes at a time when Europe is aiming to lessen their dependence on Russian gas, in light of the conflict. As Qatar’s capacity increases, it solidifies its position as the world’s top LNG exporter. The french company TotalEnergies is eager to continue this expansion as the world’s demand for LNG increases.
- QatarEnergy signs deal with TotalEnergies for North Field South expansion