LNG

Italian oil and gas major Eni said it closed the sale to Anglo-French energy company Perenco of Eni’s participation interest in several upstream permits in the Republic of the Congo in West Africa.

The Republic of the Congo has formally launched two floating liquefied natural gas production projects that may make the West African nation an LNG exporter by as early as this year as African nations assume leadership of the FLNG sector to monetize their resources backed by Western oil majors.