Unveiled in April, the plan of the oil major Eni-Congo to increase its gas production is becoming clearer. Following a meeting with President Denis Sassou N’Guesso, Claudio Descalzi, President and CEO of the Italian company Eni, made important announcements on August 2 in Brazzaville.
“We took stock of the gas export project for which we had signed an agreement. It will start in the fourth quarter of 2023 and will eventually give Congo the possibility d’exporter nearly 4.5 billion tonnes of cubic meters of gas,” Claudio Descalzi revealed to the press, adding that, within the framework of this “dynamic” cooperation, several files are in line with the National Development Plan 2022-2026 were emerging.
Gas: Eni boosts its LNG production in Congo-Brazzaville
“We discussed the agricultural project, in particular the production of oil for biorefineries. This project, which has already started, will be carried out in several stages. The objective is to produce around 31,000 tonnes of oil in 2023, 60,000 tonnes in 2024, and 150,000 tonnes in 2025. We have started training farmers and signing contracts with them,” explained Claudio. Descalzi.
Multiply strategic alliances
As part of the signing of the agreement on the gas export project, Brazzaville and Eni Congo had agreed in April on the definition of “decarbonization initiatives for the promotion of sustainable energy transition in Congo”, with the development of energies renewable and an agricultural sector (not competing with the food sector) assigned to the production of raw materials needed for biorefining. A decision which follows the signing, in October 2021, of a memorandum of understanding on the joint development of the biofuels sector in the country, which sets the framework for the industrial production of castor oil which will make it possible to supply Eni’s biorefineries.
DRC: Eni, TotalEnergies, Exxon… The majors ready to fight for Congolese oil
On June 29, during the presentation of its results, Eni also reaffirmed its desire to multiply the “strategic alliances” capable of guaranteeing Italy and Europe other sources of supply, in a context of dependence on Russian gas. In fact, the initiatives are designed to supply, by 2025, up to all of the 20 billion cubic meters of gas delivered annually by Russia to Italy.
After new supply agreements signed with Algeria, Egypt and Congo, the Italian major announced that opportunities could still arise in Libya, Angola, Mozambique, as well as what about Indonesia.