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Congo became the latest exporter of liquefied natural gas. The first cargo was dispatched a year after Italian energy company ENI launched the Congo LNG project with local partners
Congo became the latest exporter of liquefied natural gas. The first cargo was dispatched a year after Italian energy company ENI launched the Congo LNG project with local partners.
The first cargo ship loaded with LNG will head to the Italian regasification plant in the Tuscan town of Piombino in the coming days, ENI said in a statement. ENI and its partners shared labor, knowledge, and technology, ensuring additional revenue for the country while contributing to Europe’s energy security, CEO Claudio Descalzi said.
The project will have an annual capacity of 4.5 billion cubic meters of natural gas, which is used to heat homes and businesses. It is formed when the gas is cooled to around -162 C to be stored and shipped safely on board specially designed ships.
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Europe has been searching for new sources of energy since it decided to cut off supplies to Russia following its massive invasion of Ukraine two years ago. Russian gas sales abroad have fallen 40% since the invasion, according to the think tank ISPI.
