Italian energy giant Eni has purchased Export LNG Ltd from the Exmar group.
Export LNG owns the ‘Tango’ FLNG.
Eni will use the FLNG in the Republic of Congo, as part of a natural gas development project in the Marine XII block.
‘Tango’ FLNG was built in 2017 and has a treatment capacity of around 3 mill standard cu m per day and an LNG production capacity of about 0.6 mill tonnes per year.
This acquisition allows for the development of a fast-track model capable of seizing the opportunities in the LNG market, Eni said.
In addition, the high flexibility and mobility characteristics of the unit will enhance the development of Eni's equity gas by accelerating production start-up time.
‘Tango’ will begin operations in the Congo in the second half of 2023, following the completion of mooring and connecting work to tie-up with the Marine XII network and infrastructure.
When fully operational, the project will provide volumes in excess of 3 mill tonnes per year.
As mentioned in LNG SN 4th August, Eni has also confirmed that it is planning to install a second FLNG offshore Mozambique.
