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TotalEnergies Set to Make Another Gas Investment in Qatar

  • French firm to take stake in North Field South LNG project
  • Move comes as Europe weans itself off Russian gas supplies

TotalEnergies SE will make another investment in Qatar’s natural gas fields, as Europe intensifies efforts to wean itself off Russian supplies of the fuel.

The French energy giant is set to take a stake in a project called North Field South, according to people familiar with the matter. The multi-billion dollar plan will boost Qatar’s exports of liquefied natural gas, though it will take several years to complete.