Eni, together with partners China National Petroleum Corporation (CNPC), ENH, Kogas, and XRG, has approved the Final Investment Decision (FID) for the Coral North Floating Liquefied Natural Gas (FLNG) project offshore Cabo Delgado, northern Mozambique.
The project will harness gas reserves from the northern section of the Coral reservoir in Area 4 of the Rovuma Basin through an advanced FLNG facility designed for high efficiency and output.
The joint venture, comprising Eni (50%), CNPC (20%), Kogas (10%), ENH (10%), and XRG, a subsidiary of ADNOC (10%), will lead the project. It represents Eni’s second major gas development in Mozambique and the world’s second ultra-deepwater FLNG project, following Coral South, which began operations in 2022.
Production from Coral North is expected to start in 2028, with a liquefaction capacity of 3.6 million tons per annum (MTPA). Combined with Coral South, Mozambique’s total LNG output will exceed 7 MTPA, making it Africa’s third-largest LNG producer and strengthening its position in the global energy market.
The project is expected to draw $6–7 billion in investment, with the FLNG plant designed to produce about 3.55 million tons of LNG annually. It will stimulate Mozambique’s economy, create jobs, support local industries, and contribute to national sustainability goals.
Eni, active in Mozambique since 2006, discovered significant natural gas reserves between 2011 and 2014 totaling roughly 2,400 billion cubic meters across the Coral, Mamba, and Agulha reservoirs in the Rovuma Basin. With Coral South already operational, Coral North will double production and cement Mozambique’s role as a key LNG player in Africa.
source: egyptoil-gas.com
African Energy Council