Eni to develop Coral North FLNG project offshore Mozambique

Eni (E) and its partners CNPC, ENH, Kogas, and XRG have reached the Final Investment Decision to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. The project will put in production the gas volumes from the northern part of Area’s 4 Coral gas reservoir, in the Rovuma basin, through a state-of-the-art floating LNG facility. The project will be implemented by the Joint Venture formed by Eni (50%), CNPC (20%), Kogas (10%), ENH (10%) and ADNOC’s subsidiary XRG (10%). “Coral North is Eni’s second development in Mozambique and the second large-scale FLNG delivered in ultra-deep waters worldwide, with Coral South being the first. Leveraging the experience gained with Coral South, which has been in production since 2022, Coral North will offer competitive advantages in terms of schedule, costs, performance optimization, and minimization of execution risks, aiming to deliver the project within schedule in 2028. With a production liquefaction capacity of 3.6MTPA, the newly built Coral North FLNG – coupled with its predecessor Coral South – will bring Mozambique’s overall LNG production to exceeding 7MTPA, making the country the third-largest LNG producer in Africa and further reinforcing its role in the global energy scenario. The project is expected to boost Mozambican economy as well as the competitiveness of the local industries, creating more new jobs and opportunities for national enterprises, significantly scaling up the impacts already generated by Coral South and the investments in local development projects,” the company stated.