Technip Energies Awarded LNG Deal for the North Field South Project

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(Technip Energies, 16.May.2023) — Technip Energies (Paris:TE) (ISIN:NL0014559478) announced that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major (1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS).

This award will cover the delivery of 2 mega trains, each with a capacity of 8 million tons per annum (Mtpa) of liquefied natural gas (LNG). It will include a large CO2 carbon capture and sequestration facility of 1.5 Mtpa, leading to 25% plus reduction of greenhouse gas emissions when compared to similar LNG facilities.

The expansion project will produce approximately 16 Mtpa of additional LNG, increasing Qatar’s total production from 110 to 126 Mtpa.

We are extremely honored to have been awarded by QatarEnergy this mega LNG project, along with our long-standing partner CCC, a leading construction company for LNG trains. This award is a testament to the trust, extent, and strength of our relationship with QatarEnergy. This new project also reflects our leadership in the LNG market as well as our proven ability to integrate technologies towards low carbon LNG, critical in solving the trilemma for affordable, available and sustainable energy.”

Arnaud Pieton, CEO of Technip Energies

Technip Energies has been active with a local presence since 1986 in Qatar, a strategic country for the company.

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(1) A “major” award for Technip Energies is a contract award representing above €1bn of revenue.

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