Technip Energies Secures Major Contract from QatarEnergy
Technip Energies, leading a joint venture with Consolidated Contractors Company and Gulf Asia Contracting, has won a major contract from QatarEnergy for the engineering, procurement, construction, and commissioning of onshore liquefied natural gas facilities for the North Field West project.
The contract includes the delivery of two mega liquefaction trains, each with a capacity of 8 MTPA of liquefied natural gas. These trains will replicate the two trains currently under construction by Technip Energies and Consolidated Contractors Company for the North Field South project. The project will also capture and sequester an additional 1.1 MTPA of CO2. Technip Energies has maintained a local presence in Qatar since 1986.
Expansion Impact
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The expansion project will produce approximately 16 Mtpa of liquefied natural gas. Combined with the North Field East and North Field South projects, it will increase Qatar's total LNG export capacity from 77 MTPA to 142 MTPA. The contract was recorded in the first quarter of 2026 in the Project Delivery segment of Technip Energies.
Contract Significance
This contract is classified as a 'major' contract by Technip Energies, representing more than one billion euros in revenue.
SectorEnergie · Pétrole et gaz›équipements et services pétroliers
Context
Period
Period: 9M 2025
Guidance from the release
Technip Energies (T.EN) a réalisé une performance financière solide sur les neuf premiers mois de 2025.
Chiffre d’affaires +9 % (5 417,1 millions €), EBITDA récurrent +9 % (478,0 millions €), forte génération de trésorerie, acquisition AM&C annoncée, contrat majeur Commonwealth LNG remporté mais conditionné à la FID ; prévisions 2025 confirmées.
Risks mentioned
Dépendance à la décision finale d’investissement (FID) pour l’intégration de certains contrats majeurs (ex. Commonwealth LNG)
Impact des variations de change (effet de change négatif sur carnet de commandes : (797) millions d’euros)
Risques liés à l’autorisation réglementaire et à la finalisation de l’acquisition AM&C
Rééquilibrage du portefeuille projet entraînant une pression sur les marges (plus de projets en phase initiale)
Opportunities identified
Croissance du GNL et solutions modulaires (SnapLNG)
Décarbonation et carburants durables
Renforcement du segment TPS via l’acquisition AM&C (revenus récurrents supplémentaires)
Projets d’économie circulaire et de recyclage chimique (Plas-TCat, Ecoplanta)
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