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According to SNPC, the contract was signed on September 14, 2023, and will run for a period of 20 years.
Energy advocacy group African Energy Chamber (AEC) expressed its support for the contract stating it marks a “significant milestone in the Republic of Congo’s energy sector development, showcasing a dedication to harnessing natural gas potential for both domestic and international advantages”.
Involving an investment of nearly $5 billion, the LNG Marine XII project represents a pioneering initiative for the Republic of Congo.
It will leverage the natural gas resources within the Marine XII permit in two distinct phases. The maiden LNG carrier is set to sail from Congolese shores in December 2023, signaling the launch of the first phase with an export capacity of 0.6 million tons per annum (mtpa). The subsequent phase, planned for 2025, will elevate this capacity to 2.4 million metric tons per year, ultimately reaching an annual LNG export of 3 million tons.
In April 2023, Eni also demonstrated its commitment to advancing gas projects in the Republic of Congo through the Congo LNG project, aiming for an annual output of 3 million tons by 2025. This initiative involves deploying two floating LNG (FLNG) plants to process gas from existing and future fields. The FLNG facilities, boasting production capacities of 0.6 mtpa and 2.4 mtpa, are scheduled for operation in 2023 and 2025.