Eni Accelerates Launch of Second Phase of Congo LNG Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
0mins
Should l Buy E?
Source: SeekingAlpha
Project Start-Up: Eni has launched Phase 2 of its Congo floating liquefied natural gas project ahead of schedule, with first cargo exports expected in early 2026.
Infrastructure Development: The project includes the arrival of the Nguya FLNG liquefaction unit and the addition of three offshore platforms, increasing total LNG capacity to 3 million metric tons per year.
Resource Management: Phase 2 will facilitate the development of gas resources from the Nené and Litchendjili fields and improve gas volume management for both Nguya FLNG and Tango FLNG units.
Rapid Progress: The start-up occurred just 35 months after construction began, showcasing Eni's efficient planning and collaboration with local stakeholders.
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Analyst Views on E
Wall Street analysts forecast E stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 42.880
Low
17.25
Averages
18.24
High
19.23
Current: 42.880
Low
17.25
Averages
18.24
High
19.23
About E
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. The Company's segments include Exploration & Production, Gas & Power, and Refining & Marketing. Its Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations in over 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana and Mozambique. Its Gas & Power segment engages in supply, trading and marketing of gas, LNG and electricity, international gas transport activities and commodity trading and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
