The African nation of Congo launched production of liquified natural gas, becoming a new exporter. The first cargo will head to Italy for regassification. The project will have an annual capacity of 4.5 billion cubic meters of natural gas.
Key Points
First cargo ship of liquified natural gas from Congo to Italy
Annual capacity of 4.5 billion cubic meters of natural gas
Project launched by ENI with local partners
Pros
Contributes to global energy balance
Opens up economic growth opportunities for Republic of Congo
Contributes to Europe's energy security
Cons
Europe searching for new energy sources due to cut off of Russian supplies