Lukoil-backed Congo Project to Begin LNG Output in December
(Reuters) — A senior executive at Russia's Lukoil energy company said a project in the Congo in which it is involved will begin producing LNG in December, Russian news agencies reported.
Lukoil Vice President Ivan Romanovsky said the initiative will produce around 600,000 tonnes of LNG per year, and that Lukoil plans to boost total LNG output at the Marine XII oil and gas project in the Congo to 3 million tonnes by the end of 2025.
Lukoil acquired a 25% stake in Marine XII in 2019. The project also involves Italy's Eni, which holds a 65% stake, as well as a Congo state-owned company which holds 10%.
Lukoil and Eni have previously applied for two new energy blocks — Marine 24 and Marine 31 — in a bid to further boost production of Congo's offshore energy resources.
Related News
Related News
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
- Shell Nigeria Inks $100 Million Gas Pipeline Deal with Oyo State
Comments