Eni, Partners to Expand LNG Plant in Nigeria

Date : 12/27/2019 @ 12:31PM
Source : Dow Jones News
Stock : Royal Dutch Shell Plc (RDSA)
Quote : 1649.2  -82.4 (-4.76%) @ 4:14PM

Eni, Partners to Expand LNG Plant in Nigeria

Eni (BIT:ENI)
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   By Kim Richters 
 

Eni SpA (ENI.MI) said Friday that it has taken the final investment decision for the expansion of a liquefied natural gas plant in Nigeria, together with its partners for the project.

The plant is part of the Nigeria LNG joint venture the Italian company is sharing with the Nigerian government and Royal Dutch Shell PLC (RDSB.LN) and Total SA (FP.FR), Eni said.

The development is expected to be finished in 2024 and will increase the annual production capacity of the joint venture to more than 30 million metric tons a year.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

December 27, 2019 07:16 ET (12:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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