Italy's Eni launches Congo LNG export project
Italy's Eni launches Congo LNG export project
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Natural Gas News
Italy's Eni launches Congo LNG export project
Summary
The president of the Republic of the Congo, Denis Sassou Nguesso, and the CEO of Eni, Claudio Descalzi, laid the foundation stone of the project. [Image: Eni] by: Shardul Sharma
Eni and the government of Congo on April 25 launched the Congo LNG project, the country's first natural gas liquefaction project that is expected to reach a production capacity of 3mn metric tons/year by 2025. The president o...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.