LNG

Italian energy company Eni has signed a contract with China’s Wison Heavy Industry shipyard for the construction and installation of a floating liquefied natural gas production unit offshore the Republic of Congo and the second proposed FLNG venture for the West African nation.

Exmar, the Belgian shipping and projects company with more than 40 vessels in its fleet and now mostly focused on the liquefied petroleum gas business and LNG shipment management, said the Bank of China had finally released financing for the “Tango FLNG” production barge deployed in Argentina while the vessel itself was earning income as it liquefied shale gas from the Vaca Meurta Basin.