Categories: World

Congo begins exporting liquified natural gas under Italian firm’s initiative

close Video

Fox News Flash top headlines for February 27

Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.

The African nation of Congo became the latest exporter of liquified natural gas on Tuesday as it launched production of the first cargo load a year after Italian energy company ENI launched the Congo LNG project with local partners.

The first cargo ship laden with LNG will head to the Italian regassification plant in the Tuscan city of Piombino in the coming days, ENI said in a statement.

UN STATES MEET IN KENYA TO SHAPE GLOBAL ENVIRONMENTAL POLICY IN THE FACE OF LOOMING CRISES

“With the first cargo, the Republic of Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to the global energy balance,” ENI said.

Congolese flags fly alongside Chinese flags at the Palais des Congres in Brazzaville, Republic of Congo, March 29, 2013. (Junior D. Kannah/AFP via Getty Images)

ENI and it partners shared workforces, know-how and technology “ensuring additional revenues to the country while contributing to Europe’s energy security,” CEO Claudio Descalzi said in a statement.

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 gas is cooled to about -260 F to be stored and shipped safely aboard specially designed vessels.

CLICK HERE TO GET THE FOX NEWS APP

Europe has been in search of new energy sources since moving to cut off Russian supplies following its full-scale invasion of Ukraine two years ago. Sales of Russian gas abroad have dropped by 40% since the invasion, according to the ISPI think tank.

Share

Recent Posts

Biden called out for past desegregation remarks after praising 1954 landmark Supreme Court ruling

President Biden spoke to Black leaders Friday on the 70th anniversary of the 1954 Supreme…

19 mins ago

Speaker Johnson pushes ‘decorum’ after AOC, Marjorie Taylor Greene duel in heated House hearing

Speaker Mike Johnson (R-La.) condemned the fiery House hearing after Reps. Alexandria Ocasio-Cortez and Marjorie…

8 hours ago

US says NATO military trainers will eventually be sent to Ukraine: report

close Video Xi rolls out the red carpet for Putin in Beijing as he seeks…

9 hours ago

Israeli army finds bodies of 3 hostages in Gaza killed at Oct. 7 music festival

close Video Fox News Flash top headlines for May 17 Fox News Flash top headlines…

9 hours ago

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

close Video Fox News Flash top headlines for May 17 Fox News Flash top headlines…

10 hours ago

Trump speaks in battleground state he vowed to avoid after losing twice

It's been more than 50 years since a Republican won Minnesota in a presidential election,…

10 hours ago