France, Sept. 24 -- TotalEnergies hassigned a further $1.5 billion investment in the world's largest natural gas field- "perfect timing" says CEOPatrick Pouyanne as Europesearches for new energy sources to replace Russian supplies.

Qatar Energy Minister Saad Sherida Al-Kaabi announced the deal with TotalEnergies chief executive Patrick Pouyanne on Saturday.

TotalEnergies will have 9.3 percent of the North Field South project, Kaabi said, for which 25 percent will be reserved for foreign energy firms.

"Qatar Energy announces the selection of TotalEnergies as a partner for the development of the North Field South," Qatar's official news agency QNA said. "New partners will be announced at a later stage."

Kaabi said that the French giant ...