Mozambique government approves Eni's Coral Norte FLNG plan
Mozambique approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.
According to a government statement, the plan will see the production of 3.55 million metric tons per annum of LNG over 30 years from offshore Mozambique's Rovuma Basin.
The project, valued at around $7.2 billion, is expected to start production in the second half of 2028, the statement said.
Eni's first FLNG plant, Coral South, started exporting gas to Europe in 2022 as Mozambique looks to develop massive gas reserves found offshore the southern African country.
ExxonMobil and TotalEnergies are also developing LNG projects onshore, although they have suffered delays due to security concerns.
Related News
Related News
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- Update: How Germany is building up LNG import terminals
- TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
- Croatia's LNG terminal to auction 0.75 Bm3 of regasification capacity in May
Comments