Eni acquires Tango FLNG to produce and export LNG from Republic of Congo
Aug. 5, 2022
Eni has acquired the company Export LNG Ltd., which owns the Tango FLNG liquefaction facility, from Exmar group.
Courtesy Exmar LinkedIn
Exmar has signed an agreement with Eni for the sale of the TANGO FLNG.
Offshore staff
MILAN —Eni has acquired the company Export LNG Ltd., which owns the Tango FLNG liquefaction facility, from Exmar group.
The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII Block, in line with Eni's strategy to leverage gas equity resources.
The Tango FLNG, built in 2017, has a treatment capacity of approximately 3 million standard cm/d and an LNG production capacity of about 0.6 million tons per year (about 1 Bcm/year). The acquisition of this facility allows the development of a fast-track model capable of seizing the opportunities of the LNG market. In addition, the high flexibility and mobility characteristics of the Tango FLNG will favor the development and enhancement of Eni's equity gas by accelerating production startup time.
Tango FLNG will begin its activity in Congo in the second half of 2023, following the completion of mooring and connection works necessary to tie with the Marine XII network and infrastructure. LNG production from Marine XII is expected to begin in 2023, and when fully operational, it will provide volumes in excess of 3 million tons/year (more than 4.5 Bcm/year).
