Doha-ExxonMobil and QatarEnergy have signed an agreement to form a joint venture company that will own a 25% stake in the entire North Field East (NFE) liquefied natural gas (LNG) expansion project in Ras Laffan, Qatar (see related story, page 4). The NFE project, estimated to cost $28.75-billion, is expected to increase Qatar's LNG capacity to 110-million t/y from 77-million t/y by 2026. The expansion will add four new LNG trains with a total capacity of 32-million t/y. With NFE, ExxonMobil's participation in Qatar LNG volumes is anticipated to increase total capacity to 60-million t/y from 52-million t/y.
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