Qatar Petroleum signs deal to develop world’s largest LNG project
08 Feb 2021 - 19:35
The Peninsula
Doha: Qatar Petroleum took the final investment decision for developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA.
In addition to LNG, the project will produce condensate, LPG, ethane, sulfur and helium. It is expected to start production in the fourth quarter of 2025 and its total production will reach about 1.4 million barrels oil equivalent per day.
The decision to proceed with the investment was announced during a signing ceremony held today to celebrate the execution of the project’s key onshore engineering, procurement and construction (EPC) contract. The contract was signed by H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, Kazushi Okawa, the Chairman of the Board and CEO of
(1) Condensed Consolidated Statement of Financial Position …6 (2) Condensed Consolidated Statement of Income …8 (3) Condensed Consolidated Statement of Comprehensive Income …9 (4) Condensed Consolidated Statement of Changes in Equity …10 (5) Condensed Consolidated Statement of Cash Flows …11 Mitsubishi Corporation will hold an earnings conference call for the nine months ended December 2020, inviting institutional investors and analysts to join. The conference material can be accessed live in Japanese from our website (Investor Relations section) at the following URL: https://www.mitsubishicorp.com/jp/ja/ir/index.html Time and date of the earnings conference call: From 18:00 to 19:00 on Wednesday, February 3 , 2021 (JST) (Profit for the period, as used hereinafter, refers to profit for the
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