French broad energy company Total, which has been present in Qatar since 1936, looks forward to participate in the bid for entering the multi-billion dollar North Field East (NFE) project with QP, said Matthieu Bouyer, managing director, Total E&P Qatar and Total country chair in Qatar.
\nIn February, Qatar Petroleum (QP) took the final investment decision for developing the $28.75bn North Field East Project (NFE), the world\u2019s largest LNG project, which will raise Qatar\u2019s LNG production capacity from 77mn tonnes per year (mmtpy) to 110 mmtpy by 2025.
\n\u201cHE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi mentioned in February that the results should be known by the year end. We are mobilised and would definitely like to be associated with this giant expansion,\u201d Bouyer said in an interview with Gulf Times in Doha.
\nTotal, which has been active in all areas of Qatar\u2019s energy sector, from exploration and production to refining, petrochemicals and marketing of lubricants, is a founding partner of Qatargas and a founding member and leading partner of Dolphin Energy.
\nSpeaking about Total\u2019s short and mid-term strategy, Bouyer said, \u201cIn our current joint ventures, we are on the verge of launching large scale projects\u2026 so we are putting a lot of efforts to support them as much as possible in the project definition and execution phases in order to secure future energy production for the State of Qatar.
\n\u201cOur short and mid-term strategy involves diversification of our business and implementing the group strategy in Qatar through renewables in particular.\u201d
\nBouyer was quick to emphasise the importance Total attaches to safety of its staff and operations.
\n\u201cAlthough Qatar has been managing Covid-19 remarkably well, our clear daily priority is to keep our staff and operations safe amid the pandemic crisis. Beyond the Covid risk management, we expect the highest level of safety in a context of fatigue and weariness.\u201d
\nBouyer sees a \u201cbright\u201d future for liquefied natural gas and Qatar\u2019s LNG industry as a whole.
\n\u201cEconomists and market analysts believe LNG holds significant growth prospects in the long run. Natural gas stands out as a transition fuel, to replace coal in particular, thereby reducing emissions.
\n\u201cTwo major economies in Asia \u2013 China and India have been witnessing increasing demand for LNG\u2026 even in 2020 in the middle of the most unprecedented crisis the world has faced.\u201d
\n\u201cAt Total, our goal is clear \u2013 more energy and less emissions. Our ambition is to be Net Zero by 2050 together with society\u201d, Bouyer said and noted \u201cto achieve this, we base our strategy in particular on two growth pillars \u2013 LNG and renewables. We are one of the top leading players in LNG. That said, as a broad energy company, our portfolio comprises not only oil and gas, but also power, mainly from renewables.\u201d
\nTo anchor this strategy, Total will propose to its shareholders in May this year to change its name to become \u2018TotalEnergies\u2019, Bouyer said.
\nPraising Qatar\u2019s efforts at developing its LNG industry, Bouyer said, \u201cIn the last 25 years, Qatar has become the largest LNG exporting country with more than 77mn tonnes per annum annum (Mtpa) of high quality LNG capacity.
\nIn February, Qatar launched the biggest LNG project worldwide \u2013 North Field Expansion, with an additional 33 mtpy with high environmental standards. And they are working to further increase this with a future phase \u2013 North Field South that is planned to be put online right after.
\n\u201cSo definitely, LNG has a role and will be the main contributor to Qatar energy development, looking forward.\u201d
\nTotal is the shareholder and sole operator of Al Khalij offshore oilfield. In 2016, Total won the bid for Al Shaheen offshore oilfield, resulting in North Oil Company, established as a partnership between Total and QP.
\nTotal is present in five downstream joint ventures (JVs) in Qatar, three in petrochemicals (Qapco, Qatofin, RLOC) and two in refining (Laffan Refineries 1 and 2).
\nTotal supported Qatar to build the first ethane cracker in the Middle East at Qapco.
\n\u201cSince then, Total has been involved in many upgrades or expansions of the downstream sector in Qatar, supporting its JVs and their projects with secondees and specialised technical services,\u201d Bouyer said.
\nTotal Marketing Qatar has a prominent market share for lubricants in Qatar for automotive, construction, industrial and marine customers.
\nThe Total Research Center Qatar at QSTP has leading edge and innovative research projects related to sustainable development, marine biodiversity, biofuels, and solar energy. Total said its commitment to sharing its expertise is fuelled by its aim is to develop home-grown solutions to its local operational challenges, thus supporting and contribution to Qatar\u2019s vision of developing a knowledge-based economy.
\nTRC-Q also acts as a bridge between industry and academia to bring innovative solutions to our operations, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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