Qatar Petroleum (QP) has awarded LNG storage construction work to Samsung C&T, as part of its North Field East (NFE) project.
QP awarded the contract, worth more than $2 billion, on a lump-sum basis. It is the second of the major onshore NFE contracts. The company awarded the construction of four mega-trains to Chiyoda and Technip Energies on February 8.
“The award of this contract marks another concrete step towards the further development of our natural gas resources, and enhancing our position as the world’s largest, most reliable LNG producer,” said QP’s president and CEO Saad Sherida Al-Kaabi.
“This contract provides for the expansion of existing infrastructure required to ensure the safe loading and on-time delivery of our LNG cargoes to our international customers across the globe.
“Its scope includes three LNG tanks and three LNG loading berths for NFE, and options for two LNG tanks and one LNG berth for NFS project, and all associated pipes, lines and loading lines.”
Al-Kaabi went on to say that the detailed engineering work would take place in Qatar. This, he said, would leverage the “growing technical capabilities for the development of major projects in the country”.
The statement went on to note the importance of high environmental standards. It noted a focus on eliminating flaring during loading of tankers and recovery of jetty boil-off gas.
The Samsung contract is “yet another important milestone” on Qatar’s journey to increase its LNG production capacity.
The NFE project will increase Qatari production from 77 million tonnes per year to 110mn tpy. A subsequent phase, North Field South (NFS), would take output to 126mn tpy by 2027.