By Emmanuel Tumanjong
Special to Dow Jones Newswires
Italian energy firm Eni SpA said it plans to produce and export 4.5 billion cubic meters of liquefied natural gas from the Republic of Congo by 2025.
"We took stock of a gas export project for which we had signed an agreement. It is a two-phase project, the first of which will begin in the fourth quarter of 2023. The second will extend to 2025 and will give Congo the opportunity to export up to 4.5 billion cubic meters of gas," Chief Executive Claudio Descalzi said Monday, after meeting with Congo Republic President Denis Sassou Nguesso.
Eni and the government of the Central African nation have jointly constructed a power plant in Pointe-Noire that produces electricity from gas.
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Corrections & Amplifications
This item was corrected at 12:35 p.m. ET to show that Eni plans to export 4.5 billion cubic meters of LNG from Congo Republic by 2025. An earlier version misstated the metric as tons in the headline and first paragraph.
(END) Dow Jones Newswires