QatarEnergy Names Shell Partner for LNG Expansion Project

Qatar's Energy Minister, Saad al-Kaabi, and CEO of Shell, Ben van Beurden, gesture after a singing agreement at a press conference in Doha, Qatar, October 23, 2022. (Reuters)
Qatar's Energy Minister, Saad al-Kaabi, and CEO of Shell, Ben van Beurden, gesture after a singing agreement at a press conference in Doha, Qatar, October 23, 2022. (Reuters)
TT
20

QatarEnergy Names Shell Partner for LNG Expansion Project

Qatar's Energy Minister, Saad al-Kaabi, and CEO of Shell, Ben van Beurden, gesture after a singing agreement at a press conference in Doha, Qatar, October 23, 2022. (Reuters)
Qatar's Energy Minister, Saad al-Kaabi, and CEO of Shell, Ben van Beurden, gesture after a singing agreement at a press conference in Doha, Qatar, October 23, 2022. (Reuters)

QatarEnergy's chief executive on Sunday named Shell a partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project.

Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for energy, said at a news conference.

The development contract for North Field South would be awarded in the first quarter of 2023, Kaabi said.

QatarEnergy was open to discussing working with Shell in all energy sectors, he added.

The North Field is part of the world's biggest gas field that Qatar shares with Iran, which calls its share South Pars.

State-owned QatarEnergy earlier this year signed deals for North Field East, the first and larger phase of the two-phase North Field expansion plan, which includes six LNG trains that will ramp up Qatar's liquefaction capacity from 77 million tons per annum to 126 million tons by 2027.

TotalEnergies, Shell, Exxon, ConocoPhillips and Eni took stakes in the North Field East expansion phase, and last month TotalEnergies was named as the first partner in the North Field South project.

QatarEnergy had said partners for the North Field South would be selected from those already involved in the first phase.



Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
TT
20

Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)

The lowest price offered in the international tender from Tunisia's state grains agency on Thursday to purchase about 75,000 metric tons of soft wheat was believed to be $262.91 a ton cost and freight (c&f) included, European traders said.

Offers are still being considered and no purchase has yet been reported. The lowest offer is not always accepted if conditions attached to it are regarded as unattractive, Reuters reported.

The lowest offer was believed to have been submitted for optional-origin wheat by trading house Cargill for 25,000 tons, they said.

Cargill also made the next lowest offer of $263.91 also for 25,000 tons, they said.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

Shipment was requested between May 20 and June 30 depending on origin supplied.