Qatar taps French oil giant TotalEnergies SE As its first foreign partner in a $30 billion liquefied natural gas project, as the Persian Gulf emirate has pledged to help Europe secure new supplies of gas. Dandruff distances himself from energy,
The partnership gives TotalEnergies an approximately 6% equity stake in the initial phase of the project, called North Field East. The offshore field, which Qatar began developing in 2019, is expected to increase the country’s LNG production by more than 60% by 2027. CEO of TotalEnergies Patrick Payne The company’s stake in a new joint venture with state-owned Qatar Energy will help boost Europe’s energy security, it said on Sunday.