QatarEnergy signed definitive agreements with CPC Corp., Taiwan, covering the long-term supply of LNG to CPC and partnership in the North Field East LNG expansion project (NFE).
QatarEnergy will supply 4 million tonnes/year (tpy) of LNG from the NFE project to CPC over a period of 27 years.
The two sides also signed an agreement pursuant to which QatarEnergy will transfer to CPC a 5% interest in the equivalent of one NFE train with a capacity of 8 million tpy. The transfer of interest will see CPC become a partner in the NFE project without affecting the participating interests of any of the other shareholders in the project, the operator said.
The NFE project is part of the overall North Field LNG expansion program that also includes the North Field South and North Field West projects, which together will raise Qatar’s LNG production capacity to 142 million tpy from the current 77 million tpy.