QatarEnergy said it had awarded an EPC contract worth about $10 billion to a joint venture between France's Technip Energies and Greece-based Consolidated Contractors Company.

The deal aims to develop North Field South gas reserves and will involve the construction of two large liquefied natural gas trains with a combined capacity of 16 million tonnes per annum.

Technip holds a substantial majority of the capital involved in the project. The LNG train, together with further expansion at North Field East, will take Qatar's total production to 126 tonnes from the current 77 tonnes.

Commenting on the deal, Qatar Energy Minister Saad Sherida Al-Kaabi said, "Qatar Energy is proud to announce another major milestone in the world's largest LNG project, reinforcing our commitment to meet global gas demand.

The NFS project is a unique development designed to minimize environmental impact. It includes one of the largest carbon capture and storage facilities and is an important step towards achieving Qatar Energy's target of exceeding 11MTPA carbon capture and storage by 2035.

QatarEnergy holds a 75% interest in the project and has signed cooperation agreements with TotalEnergies, Shell and ConocoPhillips for the remaining 25%.Editor/XingWentao