- Eni and the Republic of the Congo’s government have inaugurated a $5 billion natural gas liquefaction project.
- It consists of two floating natural gas liquefaction plants.
- This project could make Congo an exporter.
Eni and the Republic of the Congo’s government have inaugurated a $5 billion natural gas liquefaction project.
An Italian company Eni and the Republic of the Congo’s government have inaugurated a $5 billion natural gas liquefaction project to exploit the huge gas resources of the Marine XII, off the coast of Congo.
The Congo LNG project is considered the first of its kind in the country. It is expected to have an overall liquefied natural gas production capacity of three million tonnes per year from 2025. This project forms part of Eni’s core supply diversification initiatives and is anticipated to meet the country’s power generation needs while supplying new gas volumes to international markets focusing on Europe.
It consists of two floating natural gas liquefaction plants.
This project consists of two floating natural gas liquefaction plants at the producing Nenè and Litchendjili fields, and at the fields that are due to be developed. Under conversion, the first floating natural gas plant has a capacity expectation of 0.6mtpa and is scheduled to be commissioned in 2023. The second floating natural gas plant, still in the construction phase at the moment will have 2.4mtpa of capacity and is expected to start production in 2025.
This project could make Congo an exporter.
“Today we celebrate the launch of one of Eni’s main projects, made possible by the collaboration with the Republic of the Congo and destined to significantly contribute to Italy and Europe’s energy security and industrial competitiveness.” the CEO of Eni, Claudio Descalzi said.
Minister Bruno Jean-Richard Itoua , Congo Hydrocarbons minister mentioned that project is expected to make Congo an LNG exporter for the first time. He also said, “This should place the Congo among the largest oil and gas producers in sub-Saharan Africa.”