SHEL Shell Plc

By Jaime Llinares Taboada

Shell PLC said Tuesday that it has been selected by QatarEnergy to participate in the North Field East liquefied natural gas expansion project in Qatar.

The U.K. energy giant said it will hold a 25% stake in a joint venture which will own 25% of the project, including four LNG trains with a combined liquefaction capacity of 32 million metric tons a year.

This is the largest project in the history of the LNG industry and will support the delivery of much-needed gas supplies to market around the world, Shell said.

"Through its pioneering integration with carbon capture and storage, this landmark project will help provide LNG the world urgently needs with a lower carbon footprint," Chief Executive Ben van Beurden said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

July 05, 2022 07:18 ET (11:18 GMT)

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