April 17, 2024
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OIL & GAS

Congo Joins Group of LNG Exporting Countries

Congo has entered the group of LNG exporting countries, as the first LNG cargo from Eni’s Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.

The President of the Republic of the Congo Denis Sassou-N’Guesso, the Chairman of the Board of Directors of Eni Giuseppe Zafarana, and the CEO of Eni Claudio Descalzi celebrated the successful start-up of LNG production in the country.

Eni CEO Claudio Descalzi commented that: “The first cargo of LNG from Congo is the result of the strong commitment of Eni and its partners and of the unwavering support of the Government of the Republic of the Congo. Eni and the local partners shared work forces, know-how and technologies, ensuring additional revenues to the country while contributing to Europe’s energy security.”

Sanctioned in December 2022, the Cong LNG project  came on stream after just 1 year, in line with the initial timeline. This achievement was made possible by Eni’s efficient execution of the plan.

The project, situated within the Marine XII permit, will achieve a plateau gas liquefaction capacity of approximately 4.5 billion cubic meters per annum and will mark zero flaring from operated activities in country. The volumes will be marketed by Eni, strengthening and expanding the company’s LNG portfolio, and supporting efforts towards energy security and transition.

Since 1968, Eni has been present and active in the development of Congo’s gas resources.  It currently supplies gas to the Centrale Électrique du Congo (CEC), which provides 70% of the country’s power generation capacity.

The company through several initiatives, has shown strong commitment to enhancing a smooth energy transition in the country.

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