While there are moves in Europe to reduce Russia's dependence on natural gas, the French energy giant "Total" has invested approximately 210 billion yen in Japanese yen to develop LNG (liquefied natural gas) in Qatar in the Middle East. announced that it will enter into a new production business.
France's Total announced on the 24th that it had reached an agreement with the Qatari side to enter into a new LNG production business in Qatar.
This project will process natural gas produced from gas fields off the coast of Qatar into LNG at an onshore facility, with an annual production target of up to 16 million tons.
Total will invest approximately $1.5 billion, or approximately 210 billion Japanese yen, to acquire a 9.3% stake in the project.
Qatar, one of the world's leading LNG exporters, plans to increase its LNG production capacity to 126 million tons per year by 2027, 1.6 times the current level. It has announced that European and American energy giants, including Total, will enter the business.
Regarding natural gas, there are moves to diversify supply sources in order to reduce dependence on natural gas from Russia, which invaded Ukraine by military force in Europe, and Qatar, which is expanding LNG production, is also attracting attention as a supply source. increase.