Eni’s second multibillion-dollar floating liquefied natural gas project in Mozambique is gaining traction, with meetings being held on environmental aspects of the deep-water scheme.
After the success of its Coral Sul FLNG scheme that came on stream in late 2022, Eni plans to contract a consortium of JGC, Samsung Heavy Industries and Technip Energies to build a replica vessel to the same specifications as the first unit.
In 2015, Eni acquired its environmental license for Coral Sul. The facility shipped its first cargo in November last year. Shortly, Eni started working on plans for a second unit.
The latest facility will be developed 25 kilometers north of Coral Sul. The Coral Norte project is estimated to cost $7 billion. The facility is expected to begin liquefaction and export in 2027 if it progresses as planned.
The Coral reservoir holds 17.7 trillion cubic feet of gas and needs a multi-phase development strategy to tap the abundant gas reserves. Coral Norte is the next phase of the development plan.
Coral Norte, which will be a replica of Coral Sul, will be able to produce 3.5 million tons per year of LNG. The facility will comprise six production wells and a subsea production system, with umbilical, risers and flowlines to transport gas to the FLNG vessel.
As the world is moving toward a more sustainable and low-carbon future, Mozambique represents an excellent platform and will play a strategic role in satisfying the world’s energy requirements. The gas reserves in Mozambique will contribute to energy security in Europe.
