The Republic of the Congo (ROC) is making significant strides in its energy sector, with the successful start-up of its Congo LNG development and Moho Nord field expansion project.

The Congo LNG project is central to ROC's vision to become a major regional LNG hub, led by Italian multinational Eni. The project aims to export 4.5 billion cubic meters per year of LNG by 2025.

The Congo LNG project is central to ROC's vision to become a major regional LNG hub. The first phase began in late-2023 with the deployment of the Tango FLNG plant at the Marine XII offshore block, which successfully exported its first LNG cargo to Italy in February.

The second phase will see the introduction of a new vessel, increasing production capacity to 3.5 billion cubic meters.

With this expansion, the country aims to generate an estimated €44 million in state revenues in 2024, with most exports directed to European markets.

Despite holding 1.8 billion barrels of proven oil reserves and 10 trillion cubic feet of proven gas reserves, the country's hydrocarbon resources remain underexplored. Recent initiatives have sought to create dynamic opportunities for exploration investment and have been met with success.

Local player Trident OGX Congo is leading a $300-million, seven-year development program in the Mengo-Kundji-Bindi oilfields, projected to increase crude oil production by 30 per cent.

Oil and gas independent Perenco is advancing exploration activities based on recent seismic data from its Tchibouela II, Tchendo II, Marine XXVIII, and Emeraude permits.

Multinational energy company TotalEnergies has committed $600 million by the end of 2024 to boost in-country exploration and production activities, particularly in the deep offshore Moho Nord field.

The Moho Nord field currently produces 140,000 barrels per day (bpd), accounting for nearly half of the country's total crude output.

TotalEnergies is also advancing operations at the Niamou-1 well within the Marine XX permit, targeting an estimated 1.4 billion barrels of oil and over 2.7 trillion cubic feet of recoverable gas resources.

The Invest in the Republic of Congo Energies Country Spotlight at the African Energy Week (AEW): Invest in African Energy 2024 conference will showcase the country's hydrocarbon prospects and latest industry developments.