Petroleum Africa
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Wednesday, March 13, 2024
Eni has announced it has obtained the approval of relevant authorities for the closing of the sale of its participation interest in several non-core upstream permits in Congo to Perenco.
The transaction is consistent with Eni’s strategy to focus its Upstream activities on major developments.
Eni added that to date, it is “the only company committed to develop the country’s vast gas resources, in particular through the Congo LNG project, fulfilling the country’s power generation needs while also fueling LNG exports, supplying new volumes of gas to international markets focusing on Europe.”
The company currently supplies gas to the Congo Electric Power Station (CEC), which provides 70% of the country’s electricity production, and is strongly committed to promoting energy transition in the country, including developing agri-feedstock production initiatives destined for biorefining and not in competition with the food supply chain.
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