Three More Partners to Join North Field South Development Project
Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al-Kaabi, revealed that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced. The new partners will be announced in due course.
The minister made the remarks during the Energy Executive of the Year Leadership Dialogue at the Energy Intelligence Forum in London.
According to HE Minister Al-Kaabi, the North Field East, North Field South and Golden Pass projects will bring a total of 48 million tonnes of LNG per annum, with Qatar alone bringing most of the new LNG volumes between 2025 and 2027.
Minister Al-Kaabi said that the partnership model they are adopting has been very successful in making them what they are today, giving them the ability to develop the best competencies, capabilities, technologies, and marketing support. He said that they are grateful for all their partners who are working with them closely to reach their current status.
On net zero, HE Al-Kaabi said that while many countries had made announcements to meet targets at certain times, a lot of them did not have the plan and/or the will to take the commitment to the finish line. As a result, coal burning is making a comeback more than at any other time and putting efforts many years backwards.
Minister Al-Kaabi also highlighted Qatar’s role in reducing gas emissions and carbon footprint.
HH The Amir will inaugurate Al-Kharsaah solar power station later this month, which has a capacity of 800 MW, providing our national grid with 10% of local demand. This says quite a lot for a major gas producer.
Qatar is the largest MENA country in terms of injecting CO2, as part of the country’s carbon capture and sequestration efforts. HE Al-Kaabi added that they are currently injecting 2.5 million tonnes, which will grow to over 11 million tonnes of CO2 per annum by 2035.
On energy transition, Minister Al-Kaabi called for a responsible transition in which natural gas is a destination fuel accompanied by carbon sequestration and storage as well as methane abatement.
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