Congo's Liquified Natural Gas Export
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