Page 8 - GLNG Week 09 2022
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GLNG AFRICA GLNG
Republic of Congo: NFE, Eni subsidiary
sign HoA on Fast LNG technology
PROJECTS & US-BASED New Fortress Energy (NFE) has Wes Edens, the NFE chairman and chief
COMPANIES arranged to make its Fast LNG technology avail- executive, hailed the deal with Eni as a positive
able to a subsidiary of Italy’s Eni for use off the development for his company. “This landmark
coast of the Republic of Congo (RoC). partnership is a major milestone for our Fast
In a statement dated February 28, NFE LNG business,” he commented. “Eni is a world- NFE did not
explained that it had signed a heads of agreement class organisation and the perfect partner for the
(HoA) with Eni Congo, a fully-owned subsidiary first Fast LNG unit. With production beginning identify the
of Eni, on the use of Fast LNG over a period of next year, we believe that this is just the first of
20 years. That period would begin in 2023, when many deployments of this game-changing tech- resource base for
LNG production is slated to start. nology around the world.”
According to the statement, the HoA will He continued: “The customers at our down- Eni’s LNG project
serve as a framework for the negotiation of a stream terminals need access to affordable, clean offshore RoC.
long-term tolling agreement for the full capacity and reliable energy. Our portfolio of Fast LNG
of an NFE liquefaction facility capable of using facilities allows us to deploy offshore infrastruc-
associated gas from Eni’s offshore oilfields to ture more quickly and affordably, adds low-cost
produce 1.4mn tonnes per year (tpy) of LNG. LNG to our existing portfolio and diversifies our
The tolling agreement will also provide for NFE business. This is a great step to support our rap-
to buy around 1.2mn gallons per day of LNG idly growing customer base as we play a key role
under a 20-year FOB sales and purchase agree- in the global energy transition.”
ment (SPA). NFE did not identify the resource base for
NFE did not say whether it intended to use Eni’s LNG project offshore RoC. According to
jack-up rigs or another type of floating infra- previous reports, the Italian major is slated to use
structure to support gas liquefaction offshore associated gas from Marine XII, a large oil-bear-
RoC. However, it did indicate that discussions ing block, as feedstock for an export-oriented
on the deal were advanced enough that they were LNG project. This is in line with the govern-
likely to be “completed and satisfied by the end ment’s Gas Master Plan (GMP), as well as Eni’s
of March 2022.” own agenda for development in that country.
P8 www. NEWSBASE .com Week 09 04•March•2022
