- Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region.
BP’s LNG tanker, British Sponsor, has already arrived offshore northern Mozambique. All of Coral Sul’s annual gas output of 3.4 million tonnes contracted to BP for 20 years on a free-on-board basis. The gas was scheduled to be exported to Japan and South Korea before the war broke out in Ukraine.
“Regarding the LNG export, it will be for European markets since BP is committed to take the gas resources to Europe,” said the National Petroleum Institute (INP) in an emailed response to Reuters.
The new LNG cargoes will help alleviate a tight global LNG market and gas shortages in Europe as winter looms following Moscow’s February invasion of Ukraine and Russia’s later decision to curb gas pipeline supplies into major European Union economies.
Author: Bryan Groenendaal
