After acquiring the Tango liquefaction plant, the major has chartered a unit destined to be reconverted in FSU and used in Africa

After having acquired the LNG Tango liquefaction plant from the Belgian shipowner (for an amount of around 600 million dollars), Eni closed another deal with Exmar for the development project in the Marine XII block in Congo.

The Flemish shipping company, in fact, has announced that it has signed a ten-year charter agreement with Eni for the ship Excalibur (built in 2002, capacity of 138 thousand cubic meters), which is also destined to be used off the coast of the African country.

Exmar, in particular, has announced that it has also acquired the missing 50% of the only gas tanker of its fleet and that it has foreseen its transformation into FSU (floating storage unit), to be used in the Congolese project of the Italian major.

The start of LNG production from Marine XII is expected in 2023, when fully operational it will provide volumes in excess of 3 million tons / year (over 4.5 billion cubic meters / year).

Eni and the UAE’s ADNOC discuss contributing to securing gas supplies… Will they save Europe?

On the other hand The UAE Minister of Industry and Advanced Technology, Director General and CEO of the Abu Dhabi National Oil Company (ADNOC), Sheikh Sultan Ahmed Al Jaber, and CEO of the Italian company Eni, Claudio Descalzi, met yesterday ( Monday), in Abu Dhabi to discuss the progress of the Italian company’s activities in the emirate and future projects.Nova Agency reported

And areas of common interest and cooperation, with the aim of accelerating current development projects and the time required for new discoveries and international activities to reach the market, in line with the joint decarbonization strategy and contributing to an increase in global gas supplies, Italian news agency Nova reported.

According to a statement issued by Eni, Al-Jaber and Descalzi discussed, during the meeting, accelerating the “Ghasha” project, which costs billions of dollars, and contains, according to estimates, large quantities of recoverable gas and can produce more than 42.5 million cubic meters per day, in addition to to more than 120,000 barrels of high-value oil and condensate per day.

Descalzi also outlined options for rapid development of a large gas discovery recently in the first exploration well drilled in Block 2 off the coast of Abu Dhabi, taking advantage of other projects currently in operation and utilizing ADNOC’s existing infrastructure to cut costs and accelerate joint production targets.

Eni holds a 70 percent stake and is the operator of Block 2, while Thai partner Pttep owns the remaining 30 percent.

In addition, Al Jaber and Descalzi analyzed several initiatives aimed at strengthening partnership in the framework of the energy transition through the implementation of renewable energy projects, and other initiatives to reduce carbon emissions, with special attention to the development of carbon use and storage, to offset carbon dioxide emissions and achieve benefits significant environmental, social and economic impact of relevant stakeholders.

Eni has been in Abu Dhabi since 2018, working in the offshore exploration sector in Abu Dhabi in Blocks 1, 2 and 3 with a 70 percent stake.

Eni owns 25 percent of the Ghasha offshore concession, which is under development. In production, Eni participates in the offshore concessions of giant Lower Zakum with 5 per cent, Umm Shaif and Nasr with 10 per cent.