14
Jan
2022
Qatar heads into 2022 at full speed
QatarEnergy has celebrated the first anniversary of its final investment decision on the US$30 billion North Field Extension programme with the award of major EPCI contract to McDermott International, Ltd.
The NFE project will increase Qatar’s LNG production capacity from 77 million tons per annum to 126 mtpa and the new EPCI scope is for 13 wellhead platforms topsides, connecting pipelines and the shore approaches for the pipelines, beach valve stations and buildings.
The NFE project include plans for a new carbon capture and storage plant which will sequester 5 mtpa of carbon dioxide. This will be the largest CCS plant in the Middle East region when it comes onstream in 2025 according to the Global CCS Institute.
The other major focus in 2022 will of course be the 2022 World Cup which has stimulated a construction boom in the country.
Hugh Fraser International’s QATVI - Qatar Ventures Initiative was launched at the start of 2021 in response to the NFE project announcement and the normalisation of international relations with its GCC neighbors and we are ramping up QATVI for 2022 in conjunction with our legal alliance partners in Doha.