American peer-to-peer (P2P) payments provider Zelle has officially shut down its standalone app, as the vast majority of users now access its services ...
The Securities and Exchange Commission (SEC) has declared that individuals and entities promoting or operating Ponzi schemes now face a minimum fine of ...
Mastercard is set to revolutionize commercial payments with the launch of a new program designed to integrate embedded virtual card technology seamlessly into ...
Nigerian fintech innovator PayZeep is reinforcing its commitment to advancing digital payments and expanding financial access as part of Nigeria’s evolving fintech landscape. ...
The Africa Stablecoin Consortium (ASC), developers of Nigeria’s first regulatory-approved stablecoin, cNGN, are in early-stage discussions with leading African crypto exchanges, Roqqu and ...
Ecobank Ghana PLC is intensifying its efforts to drive digital transformation in Ghana through strategic collaborations with the Ministry of Communication, Digital Technology, ...
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to initiate the first phase of liquidation dividend payments for uninsured depositors of the ...
FinTech company QorPay has strengthened its payment ecosystem through a collaboration with Cybersource, integrating Visa Platform Connect (VPC) and other Visa value-added services ...
Guaranty Trust Holding Company Plc (GTCO) has reported an exceptional financial performance for the year ending December 31, 2024, achieving a record-breaking profit ...
BRAZZAVILLE, Republic of Congo, March 25, 2025/APO Group/ --
The Republic of Congo is expected to more than double natural gas production by 2027 according to an outlook by commodity company S&P Global Commodity Insights – technical partner of the Congo Energy & Investment Forum (CEIF). This production increase will be driven primarily by Chinese developer Wing Wah’s Banga Kayo and energy major Eni’s Marine XII FLNG developments.
Lucinda Valerie Ross, Senior Technical Research Analyst at S&P Global Commodity Insights
The outlook was announced by Lucinda Valerie Ross, Senior Technical Research Analyst at S&P Global Commodity Insights, during a Technical Presentation titled, Assessing the Role of Deepwater Gas in the Republic of Congo’s Energy Strategy, at CEIF in Brazzaville.
“Natural Gas production has historically been low [in Congo]. In response to increased production, Eni has been able to leverage pre-existing FLNG vessels in a phased approach to achieve first gas last year,” Ross stated, adding, “We need to attract investment to these projects in order to ensure sustained increased production in Congolese gas.”
The Marine XII project is set to produce 2.4 million metric tons of LNG annually in 2025. Production is expected to increase to 4.5 billion cubic meters per year by 2026, with LNG used for both domestic consumption and export.
Meanwhile, over a period of 25 years, the Banga Kayo permit, plans for a cumulative production estimated at nearly 30 billion cubic meters of associated gas. The project will be carried out in four phases, each progressively increasing the gas treatment and valorization capacity to meet local and regional LNG and LPG demand.
Natural gas currently accounts for over 70% of electricity generation in Congo. Meanwhile, natural gas, along with oil production, accounts for 35% of the country’s GDP and 75% of its exports.
Distributed by APO Group on behalf of Energy Capital & Power.
About the Congo Energy & Investment Forum:
The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities.