ADVERTISEMENT

Eni working on gas-fired power plant for Congo

Recycling

Normal 0 21 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Normál táblázat"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Italian oil and gas company Eni is working to build in Congo a gas-fired power plant to provide 80% of the country’s needs, Eni’s director of exploration and production said on Monday.

“We are working ... to boost ... the use of natural gas to help Congo and to build a new power plant that will cover 80% of the country’s needs,” Umberto Vergine said in a speech at a conference here. “It will use the residual gas which otherwise would be burned and could produce pollution and CO2,” he added.

Eni CEO Paolo Scaroni visited the Republic of Congo earlier this month, as well as Angola and Gabon, to look for opportunities especially in electricity production and biofuels.

The energy company signed a development deal with the country in May and has a project in place to start producing oil from tar sands there by 2011. It bought assets in Republic of Congo fields from France’s Maurel & Prom last year and boosted its stake in the country’s M’Boundi field when it bought Burren Energy last year. (Reuters)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.