Latest news with #SociétéNationalesdesPétrolesduCongo
Zawya
26-02-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF) 2025 Technical Workshop to Support Congo's Ambitious Liquefied Natural Gas (LNG) Targets
The Republic of Congo is expected to export an estimated 4.5 billion m 3 of LNG in 2025 as part of the second phase of its Congo LNG project. Developed by energy major Eni, the project's first phase began operations in late 2023 following the installation of the country's first floating LNG (FLNG) plant at the Marine XII offshore license. A major milestone in Congo's natural gas journey was reached in February 2024, when the country's first LNG cargo departed from Pointe-Noire to Italy. Given Congo's immense potential to become a major gas hub in Central Africa, a technical workshop at the inaugural Congo Energy&Investment Forum (CEIF) – taking place in Brazzaville from March 24-26 – will explore cutting-edge technologies and practical solutions for unlocking and monetizing gas resources in the region. The workshop will cover the design, planning and deployment of advanced shipping solutions, including LNG carriers, as well as the development of floating gas infrastructure, such as floating storage and regasification units and FLNG facilities. The inaugural Congo Energy&Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationales des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country. Congo holds an estimated 10 trillion cubic feet of proven gas reserves, primarily in offshore fields such as Litchendjili, Néné, Minsala and Nkala, located within the Marine XII license operated by Eni's Congolese subsidiary. With substantial recoverable reserves in fields like Marine XII, Nkossa and Banga Kayo, Congo's natural gas sector presents an attractive investment opportunity. Ongoing developments – including FLNG and gas reinjection strategies at the Nkossa and M'Boundi fields – ensure a stable supply of natural gas for both domestic power generation and future exports. The Central African region – home to some of Africa's most promising oil and gas markets – is well-positioned to leverage its vast resource base to supply the continent with reliable and sustainable energy. Major producers such as Congo, Gabon, Equatorial Guinea and Cameroon have long been significant oil exporters, yet substantial investment in natural gas infrastructure is still required to fully realize the region's hydrocarbon potential. As such, the Monetizing Central Africa's Natural Gas Potential technical workshop at CEIF 2025 – taking place on Day 2 of the conference on March 26 – will highlight best practices, address logistical challenges and showcase successful case studies, paving the way for greater regional integration and economic growth. 'CEIF 2025 is an essential platform for exploring innovative solutions and cutting-edge technologies that will help unlock Central Africa's vast gas resources. By bringing together international experts and local stakeholders, the event aims to address critical challenges to ensure the sustainable development of the region's energy sector,' states Sandra Jeque, Events and Project Director at Energy Capital&Power. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
12-02-2025
- Business
- Zawya
Minister Itoua: Congo's Energy Ambitions Set for Full Display at Congo Energy & Investment Forum (CEIF) 2025
Minister of Hydrocarbons of the Republic of Congo Bruno Jean-Richard Itoua has announced that the Ministry will leverage the upcoming inaugural Congo Energy&Investment Forum (CEIF) to support the country's long-term view to becoming a major player in regional energy development. Taking place from March 24-26, 2025, in Brazzaville, CEIF 2025 will connect project developers with Congolese regulators and policymakers while enabling candid dialogue and facilitating new investments and deals in the country's energy sector. Set to headline CEIF 2025, Minister Itoua's leadership in Congo has been instrumental in driving forward ambitious reforms and initiatives aimed at maximizing the country's energy potential. The inaugural Congo Energy&Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationales des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the industry. During CEIF 2025, the Ministry of Hydrocarbons will launch its 2025 licensing round, offering onshore, offshore and marginal acreage to potential investors and developers. This year's licensing round aligns with the country's strategy to increase oil production from the current 274,000 barrels per day (bpd) to 500,000 bpd by the end of this year. 'We hope that through the conference, we will be able to launch a tender,' Minister Itoua stated. 'We have many licenses available, and we will make them available for tender. We have very large areas in which we have information proving that we have high potential.' Meanwhile, the Ministry is also set to launch a new Gas Master Plan for the country at CEIF 2025. Originally announced by Minister Itoua at last year's African Energy Week: Invest in African Energies 2024 in Cape Town, the Gas Master Plan aims to consolidate the position of existing exploration and production companies while attracting new investments to the country's natural gas sector. 'We hope to be a key player, especially in gas. We want to become a key player in terms of finding opportunities. Congo could be the biggest place for refining, not only for Africa, but also on an international level,' Minister Itoua added. CEIF 2025 will provide a platform for investors and industry leaders to explore the nation's recent developments, which have been driven by the strategic leadership of Minister Itoua. Among these initiatives is the Marine XII LNG development, which exported its first cargo in early-2024 from the Tango FLNG facility and is projected to reach 3 million tons of LNG per year this year. Meanwhile, key players such as Trident Energy and Perenco have expanded their presence in Congo, acquiring major assets and driving upstream development in alignment with the Ministry's efforts to foster an investment-friendly environment. The forum is expected to bring together policymakers, international oil companies, independent explorers and financiers to discuss strategies for maximizing the country's hydrocarbon potential, expanding LNG production and advancing green energy solutions. As such, Minister Itoua's participation will set the tone for discussions while highlighting the country's vision for the energy sector and its plans to secure long-term partnerships. Distributed by APO Group on behalf of Energy Capital&Power.
