Tango FLNG Tops Guaranteed Production at Eni’s Gas Field Offshore Congo

The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.

Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the actual production of LNG has exceeded the guaranteed levels, with an adjusted annual equivalent production in excess of 0.6 million ton per annum, according to Exmar.

Exmar sold Tango FLNG to Eni in 2022, as part of the agreement which saw Eni acquiring Exmar's company Export LNG Ltd, which owns the Tango FLNG.

The agreement for the sale and purchase of the Tango FLNG contains a price adjustment clause related to the performance of the Tango FLNG, which entails a negative correction of $78 million and a bonus of maximum $44 million.

Based on the production data, Exmar has concluded that it is entitled to a bonus, amount of which is not yet agreed.

• Eni Buys Exmar's Tango FLNG for Use in the Congo
• First Gas Starts Flowing into Tango FLNG in Congo

To remind, Eni started the introduction of gas into the Tango FLNG unit moored in Congolese waters in late 2023.

The Tango FLNG