TotalEnergies' selection as the orst new equity partner in Qatar's landmark LNG expansion gives a major boost to its wider LNG plans and underpins its long-held ambition to be the "No. 1" oil and gas major in the Middle East. A stake in the ff28.75 billion North Field East (NFE) LNG expansion has been one of the most coveted prizes on offer in the energy world in recent years, giving would-be partners access to some of the lowest-cost, lowest-carbon LNG supplies in the world. The award comes as Total's prospects for Russian LNG growth-the Arctic LNG 2 and Yamal LNG ventures-have materially degraded, as sanctions and wider pressures as a result of the Russia-Ukraine crisis upset the French major's previous plans.
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