International

Eni signs Congo Republic LNG deal

Published on : 2022-04-23

Italy's Eni has signed a deal to increase gas supplies from the Congo Republic by more than 4.5 billion cubic metres (bcm) a year, the energy group said on Thursday.

The deal is the latest Italian move to reduce dependence on Russian gas, with Foreign Minister Luigi Di Maio and Ecology Transition Minister Roberto Cingolani leading an Italian delegation to Angola and the Congo Republic this week to line up LNG contracts.

The new partnership with the Congo Republic has "great growth potential" in the short and medium term, Di Maio said on Thursday.

Italy obtains 40% of its gas imports from Russia and has made the diversification of its energy sources a priority since Russia's invasion of Ukraine triggered Western sanctions that have raised the threat of disruption to supplies.

Under the Congo agreement, development of a liquefied natural gas (LNG) project involving Eni will be stepped up so that production can begin in 2023. It will have capacity of 4.5 bcm when fully operational, Eni said.

On Wednesday Italy signed a separate deal for between 1 bcm and 1.5 bcm of gas a year from Angola, two sources close to the matter told Reuters.

Italy has also signed similar deals with Algeria and Egypt in an effort to replace the 29 bcm of gas it receives from Russia's Gazprom every year.

"We are building new energy partnerships with many friendly countries," Di Maio said.

Ecology Transition Minister Cingolani told a newspaper interview on Thursday that the government aims to reach independence from Russian gas imports by the second half of 2023.

(Reporting by Stephen Jewkes and Angelo Amante Editing by David Goodman)

Related Articles

The 6th Middle East Instrumentation, Cybersecurity & Automation EXPO Concludes Successfully in Abu Dhabi

The 6th edition of the Middle East Instrumentation, Cybersecurity & Automation EXPO (MEICA EXPO 2025) concluded today at the prestigious Rixos Marina Abu Dhabi, marking three days of groundbreaking discussions, immersive exercises, and transformative insights into the future of industrial operations.

Read More

COMEX 2025 – Oman’s Tech Exhibition Goes Global with Five Future-Ready Ecosystems

Omani Tech Exhibition Comex 2025 Goes Global with Five Future-Ready Ecosystems through smart eGovernment initiatives and accelerating fintech innovation

Read More

COMEX Signs Strategic MoU with Oman’s Unified Promotional Identity Office to Fuse Innovation with National Identity

The MoU was signed today by Mr. Amr Abdullah Baabood, CEO of ARB, and His Excellency Dr. Fares bin Turki Al Said, Acting Director of the Unified Promotional Identity Office.

Read More
EnppipetrojetSCHNEIDER-ELECTRIChempleEgypt gasNorthSKY CTS exxonmobilhttps://www.shell.com/CPCADESSLBTam oilfieldIPR energy groupEthydcoHarbour EnergyVaalco EnergyUEE