Eni selects New Fortress Energy’s Fast LNG liquefaction technology for Congo FLNG

New Fortress Energy has executed a a Heads of Agreement (HoA) with Eni Congo for the deployment of its Fast LNG liquefaction technology off the coast of the Republic of the Congo for a period of 20 years.

Under the agreement, NFE will deploy its innovative “Fast LNG” facility to produce up to 1.4 million metric tons per year of LNG from the associated gas fields of Nene Marine on Block Marine XII.

The development of a floating LNG project has been on the table for several years in Congo and is finally gaining traction. A few weeks ago, Eni announced it was seeking to develop the project in two phases with two modular and flexible liquefaction plants. Phase 1 is expected to rely on a near-shore concept while Phase 2 would rely on an offshore concept.  The production from Phase 1 is expected to start in Q2 of 2023.

The project would both target zero gas flaring but also seek to valorise gas for the domestic power and industrial sectors and for the export market.

Last December, NFE had also executed a non-binding Memorandum of Understanding (MoU) with the Islamic Republic of Mauritania for the development of the offshore Banda gas reserves into a new energy hub. Under the MoU signed with the Ministry of Petroleum, Mines and Energy, New Fortress Energy would also deploy its Fast LNG liquefaction technology to produce LNG for Mauritania’s domestic gas and power markets and for exports.

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QatarEnergy deepens ties with Namibia

The state-owned national oil companies of Qatar and Namibia, QatarEnergy and NAMCOR E&P, have signed a Cooperation Agreement in Doha to deepen the energy cooperation between both countries. Under the agreement, QatarEnergy will support NAMCOR E&P in the development of a sustainable upstream oil and gas sector in Namibia, notably by providing training and human capital development opportunities to NAMCOR employees. Pursuant to the terms of the agreement, the two companies also agreed to work together on investment opportunities of mutual interest in Namibia’s upstream oil and gas sector. QatarEnergy is already a key investor in Namibia’s oil & gas sector. The company has a 40% non-operated interest in PEL 39 where Shell just announced the Graff-1 discovery, and a 30% non-operated interest in Block 2913b where TotalEnergies just announced the Venus-1 discovery.

VFuels to offer renewable energy solutions for African oil & gas assets

VFuels LLC, the American oil and gas engineering, design and fabrication firm that has already delivered several modular process equipment on the continent, has entered into a joint-venture agreement with Earth Technologies to develop and install clean energy infrastructure for African oil & gas assets, including refineries. Earth Tehnologies is a renewable energy company with a demonstrated track record in the development, engineering, procurement, construction and consultancy of renewable energy projects. Both companies are maximizing the synergies in their capacities to offer attractive and clean energy solutions for infrastructure owners and operators on the continent. VFuels is a known player in Africa, where it has successfully executed three modular refineries so far. Its first one was commissioned at Ibigwe in Nigeria for Waltersmith Refining & Petrochemical Co. in 2020. The company also recently completed the 10,000 bpd Monrovia Refinery in Liberia for Conex, a Gemcorp portfolio company. It is now at full speed on the construction of the 30,000 bpd Cabinda Refinery in Angola. As VFuels continue to work on expanding Africa’s refining infrastructure, it will now be able to propose clients additional solutions to make their assets more sustainable and reduce greenhouse gas emissions.