Page 6 - DMEA Week 08 2022

AfrOil
COMMENTARY Y
DMEA COMMENTAR DMEA
AfrOil

Eni crew at CED TPP (Photo: Eni)
Eni and Brazzaville eye

gas export prospects

The Italian major has unveiled plans for installing LNG production units offshore the Republic of Congo

THE Republic of Congo (ROC) is mostly has been providing significant volumes of gas
known as a source of crude oil, but it also pos- from fields within the Marine XII block to two
WHAT: sesses substantial reserves of gas – at least 10 tril- onshore thermal power plant (TPPs), known as
Eni CEO Claudio Descalzi lion cubic feet (283bn cubic metres) of gas as of Central Électrique du Congo (CEC) and Central
says associated gas from the end of 2021, according to official data. This is Électrique du Djeno (CED), for use in electricity
Marine XII may be used to enough to make its reserves the seventh-largest generation.
produce LNG by 2023. in Africa, but much of the total has consisted of These two TPPs already account for a
associated gas that developers have re-injected super-majority of ROC’s power production,
WHY: into offshore oilfields in order to maintain res- with CED, which is owned 20% by Eni, making
Eni’s ambitions align with ervoir pressure. up 60-70% of the total on its own.
the government’s Gas In other words, ROC hasn’t done much These gas supply initiatives are important for
Master Plan (GMP).
to develop gas for its own sake. But that may the Congolese economy, but they are not nec-
change, according to Italy’s Eni, a major investor essarily major sources of revenue. Last week,
WHAT NEXT: in ROC’s offshore zone. though, Eni said it wanted to speed up work on
ROC is likely to face a project that would allow ROC to monetise a
challenges along the path
toward gas exports. Eni’s fast-track plan much larger share of its gas by opening up access
For the last several years, the Italian major to the world market.

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