In June 2022, we were selected by QatarEnergy as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of the new Joint Venture company during an official ceremony today. QatarEnergy will hold a 75% interest while Eni the remaining 25% interest. The JV will hold 12,5% interest in the entire NFE project, including the 4 mega LNG trains with a combined capacity of 32 MTPA. The NFE project will expand Qatar’s LNG export capacity from the current 77 million tons per annum (MTPA) to 110 MTPA. A $28.75 billion investment, NFE is expected to start production before the end of 2025 and will deploy state of the art technologies to minimize overall carbon footprint, including carbon capture and sequestration. The agreement marks the completion of a competitive process started in 2019 and has a duration of 27 years. It is a strategic move for us, which expands Eni’s presence in the Middle East and gains access to a world leading LNG producer, detaining among the largest natural gas reserves in the world. It is also a significant milestone in the Company’s diversification strategy, adding a cleaner and reliable energy source to its portfolio.
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Our work in Qatar
Since 2020, we operate in the country’s Global Gas & LNG Portfolio sector and, since 2022, in Exploration & Production sector.
The agreements for the diversification of energy sources
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Global Gas & LNG Portfolio
Eni's worldwide gas sales and supplies
Worldwide natural gas sales in 2022 amounted to 60.52 billion cubic metres. In 2022, LNG sales (9.4 bcm, included in the worldwide gas sales) decreased by 13.8% from 2021. In 2022 the main sources of LNG supply were Qatar, Egypt, Nigeria and Indonesia. In 2022, the volume of natural gas supplied by Qatar amounted to 2.56 bcm.
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Keep up to date with the latest news about our work in the country and our projects in the region.