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Asharq Al-Awsat
Asharq Al-Awsat
Business
London - Asharq Al-Awsat

TotalEnergies to Invest $1.5 bln in Qatar

Managing director of QatarEnergy Saad al Kaabi and TotalEnergies Chief Executive Patrick Pouyanne in Doha on Saturday (AFP)

France’s TotalEnergies has signed a $1.5 billion investment agreement in expanding Qatar’s natural gas production as Europe rushes to find new energy sources to replace Russian supplies.

TotalEnergies Chief Executive Patrick Pouyanne, who traveled to Doha for the agreement signing, said the deal came at a "perfect time" to help resolve Europe's energy crisis.

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