By Maitane Sardon

Eni SpA has signed a deal with state-owned QatarEnergy to work on the expansion of one of the world's biggest offshore liquefied natural gas fields, the company said Sunday.

The Italian oil-and-gas company will hold just over 3% in North Field East, a roughly $29 billion project that will expand Qatar's LNG capacity from 77 million tons per year to 110 million tons a year.

Eni joins French energy giant TotalEnergies SE as an investor in the project, which is expected to start production before the end of 2025.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

June 20, 2022 02:01 ET (06:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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