Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction plant, from the Exmar group. The plant will be used by Eni in Congo, as part of the activities of the natural gas development project in the Marine XII block, in line with Eni's strategy for the enhancement of gas equity resources.
Tango FLNG, built in 2017, has a treatment capacity of approx. 3 million standard cubic meters / day and an LNG production capacity of approximately 0,6 million tons / year (approximately 1 billion standard cubic meters / year). The acquisition of this plant allows the development of a fast-track model capable of seizing the opportunities of the LNG market. In addition, the high flexibility and mobility characteristics of the Tango FLNG will favor the development and enhancement of Eni's equity gas by accelerating production start-up times.
The Tango FLNG will begin its activity in Congo in the second half of 2023, following the construction of the works necessary for the mooring and connection with the production infrastructures of Marine XII. The start of LNG production from Marine XII is expected in 2023, when fully operational it will supply volumes in excess of 3 million tons / year (over 4,5 billion cubic meters / year).