By Giulia Petroni

Eni SpA said Friday that it has bough the Tango FLNG floating liquefied natural gas facility from Exmar for a natural-gas development project in Congo.

The Italian oil-and-gas major said the liquefaction facility has a treatment capacity of approximately 3 million standard cubic meters a day and an LNG production capacity of about 1 billion standard cubic meters a day.

Activities will begin in the second half of 2023, following connection works that will tie it to the Marine XII project's network and infrastructure.

LNG production from Marine XII is expected to begin next year and provide volumes of more than 4.5 billion cubic meters a year when fully operational, Eni said.

The financial details of the deal weren't disclosed.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

August 05, 2022 12:18 ET (16:18 GMT)

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