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Shell In Joint Venture With QatarEnergy To Expand North Field East LNG Project

Shell Plc (SHEL), a British oil and gas major, said on Tuesday that it has established a joint venture or JV with the state-owned QatarEnergy as a partner to expand the North Field East liquefied natural gas or LNG project in Qatar.

Financial terms of the deal were not disclosed.

With this, the London-based firm will hold a 25 percent share in the JV company which will own 25 percent of the North Field East expansion project, including the four mega LNG trains with a combined nameplate LNG capacity of 32 million tons per year.

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