State-owned Qatar Petroleum (QP) has wrapped up a massive bond sale as it aims to ramp up liquefied natural gas output from its giant North Field. “The proceeds from the bond offering will be used to support QP's ambitious growth plans, particularly the North Field expansion projects over the coming few years,” QP added. The bond sale has been concluded in four conventional tranches that will mature in five, 10, 20 and 30 years, with the longest option yielding almost 3.3%, it said. North Field expansion plansQP chief executive Saad Sherida al-Kaabi said “the North Field expansion projects will solidify [the company's] leading role in the LNG industry as well as in the energy transition". QP is also evaluating the expansion of North Field beyond 126 million tpa, but has yet to define timelines for further increasing its output.

Source: The North Africa Journal July 01, 2021 14:26 UTC