QatarEnergy has chosen Italy’s Eni, US major ConocoPhillips, and supermajor ExxonMobil as its newest strategic partners in the North Field East Expansion (NFE), joining France’s TotalEnergies on a growing roster of international players that will develop the LNG industry’s largest project to date, said JPT.
For Eni, NFE will be the its first foray into Qatar’s upstream sector, while ConocoPhillips, ExxonMobil, and TotalEnergies share long histories in the country's LNG industry.
ExxonMobil is by far Qatar's most experienced long-time partner, participating in 12 of the 14 LNG trains producing for the RasGas and Qatargas joint ventures (JVs) and reaching down the value stream into shipping, receiving terminals, and Qatar’s largest condensate refinery.
ExxonMobil is also the only foreign participant in Qatar’s domestic gas projects Al Khaleej Gas and Barzan Gas, according to ExxonMobil’s website.
ConocoPhillips holds 30% of the Qatargas 3 JV, a project with facilities integrated with Qatargas 4 (30% Shell) to produce natural gas, petroleum gas, and gas condensate from the North Field. The project includes a 7.8 gross mpta LNG facility which shipped its first product in 2010, according to ConocoPhillips.
Announcements of QatarEnergy’s NFE partner picks and CEO-level signing ceremonies in Doha have come in rapid-fire succession in the week since Qatar revealed TotalEnergies as its first partner on 12 June. Its choice of Eni followed on 19 June, ConocoPhillips on 20 June, and the latest, ExxonMobil, on 21 June.
As per MRC, ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas, shipments of PP random copolymers decreased significantly.
MRC