Congo's Liquified Natural Gas Export

SOURCE www.foxnews.com
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