Eni announced its acquisition of Export LNG Ltd, the company that owns the Tango FLNG floating liquefaction facility. The facility will be used by Eni to develop natural gas in the Marine XII block in the Republic of Congo, as part of Eni’s strategy to leverage gas equity resources.
With a treatment capacity of approximately 3 million standard cubic meters/day, the Tango FLNG is capable of producing approximately 0.6 million tons of LNG per year (about 1 billion standard cubic meters/year). By acquiring this facility, the company can develop a fast-track model that can take advantage of the LNG market’s opportunities. Tango FLNG’s high flexibility and mobility will also facilitate the development and enhancement of Eni’s equity gas by accelerating production start-up.
Following the completion of mooring and connection works necessary to tie into the Marine XII network and infrastructure, Tango FLNG will begin operating in Congo by the second half of 2023. When fully operational, Marine XII is expected to produce over 3 million tons of LNG per year (over 4.5 billion cubic meters).