Qatar Petroleum took this week the final investment decision to build what it says would be the world’s largest liquefied natural gas (LNG) project in terms of capacity, as the tiny Gulf nation and top global LNG exporter aims to raise its annual production by 40 percent by the end of 2025. Qatar Petroleum sanctioned the North Field East Project (NFE), which is set to raise Qatar’s LNG production capacity from 77 million tons per annum (mmtpa) to 110 mmtpa. The project, expected to start production in the fourth quarter of 2025, will cost US$28.75 billion, which would make it one of the industry’s largest investments in recent years. Qatar Petroleum also boasted plans for a CO2 capture and sequestration (CCS) system as part of the project and said that “a significant portion of the project’s electrical power needs will be provided from Qatar’s national power grid,” as well […]