Eni and its partners Cnpc, Enh, Kogas and Xrg have announced that they have reached the final investment decision for the development of the Coral North FLNG project, which will be located in the deep waters offshore of Cabo Delgado, in the north of Mozambique. The signing took place in Maputo in the presence of the President of Mozambique, Daniel Francisco Chapo, and the CEO of Eni, Claudio Descalzi.
The project will bring into production the gas volumes from the northern part of the gas field in the Coral Area 4 of the Rovuma Basin, through a state-of-the-art floating LNG plant. The project will be developed by the joint venture formed by Eni (50%), Cnpc (20%), Kogas (10%), Enh (10%) and Xrg (10%), a subsidiary of Adnoc.
The CEO of Eni, Claudio Descalzi, commented: “With Coral North we will contribute to meeting the growing global demand for LNG, doubling both Mozambique’s contribution to global energy security and the benefits for the country and its citizens in terms of economic and industrial growth.”
Coral North is the second development project of Eni in Mozambique and the second large-scale FLNG unit delivered in ultra-deep waters globally, with Coral South being the first. Leveraging the experience gained with Coral South, in production since 2022, Coral North will offer competitive advantages in terms of timing, costs, performance optimization and minimization of execution risks, with the aim of delivering the project in 2028, on schedule.
With a productive liquefaction capacity of 3.6 million tons per year (Mtpa), the new Coral North FLNG – together with Coral South – will bring Mozambique’s overall LNG production to exceed 7 Mtpa, making the country the third largest LNG producer in Africa and further strengthening its role in the global energy scenario.
Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, in the Coral, Mamba Complex and Agulha fields, with approximately 2,400 billion cubic meters of gas in place. Coral South is the first project to produce gas from the Rovuma Basin.
