News flash
- The Council of Ministers of Mozambique has approved the Development Plan of Eni’s US$ 7.2 billion Coral Norte FLNG Project.
- This marks the next step towards the exploration of natural gas resources from the Coral Eocene 441 deposit, located in Area 4 Offshore of the Rovuma Basin.
- The Coral Norte FLNG is anticipated to produce 3.5 million metric tons of LNG per annum (mtpa), with start-up slated for 2028.
The Coral Norte FLNG floating platform will be a replica of the Coral Sul FLNG model, proven to be effective for deepwater production, which recently completed its 100th FLNG export consignment. Read more
Coral Sul offshore LNG plant off the coast of Mozambique loading the first shipment of LNG destined for Europe in November 2022. Image credit: ENI
“The plan constitutes the second phase of development of the Coral Norte field, FLNG, and consists of a floating natural gas liquefaction infrastructure with a capacity of 3.55 million tonnes per year and six production wells, valued at around $7.2 billion [€6.6 billion], with production scheduled to begin in the second quarter of 2028,” said cabinet spokesman, Inocêncio Impissa.
Author: Bryan Groenendaal
