[Mozambique] Coral Norte FLNG

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Mozambique government approves Eni's Coral Norte FLNG plan

MAPUTO, April 8 (Reuters) - Mozambique on Tuesday approved the development plan for Eni's (ENI.MI), opens new tab second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.
According to a government statement, the plan will see the production of 3.55 million metric tons per annum of LNG over 30 years from offshore Mozambique's Rovuma Basin.

The project, valued at around $7.2 billion, is expected to start production in the second half of 2028, the statement said.

Eni's first FLNG plant, Coral South, started exporting gas to Europe in 2022 as Mozambique looks to develop massive gas reserves found offshore the southern African country.

ExxonMobil and TotalEnergies are also developing LNG projects onshore, although they have suffered delays due to security concerns.

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Technip Energies awarded a large contract for a Floating Liquefied Natural Gas unit in Africa

Technip Energies (PARIS:TE) has been awarded a large contract to perform preliminary activities(2) for a Floating Liquefied Natural Gas (FLNG) unit in Africa. A “large” award for Technip Energies is a contract award representing between €250 million and €500 million of revenue. This order intake represents Technip Energies’ portion of a joint venture and will be recorded in the Project Delivery segment’s backlog in Q3 2025.

The contract will be effective until Sept 30, 2025.

Technip Energies is a global leader in FLNG, having delivered three open-sea units worldwide with a total capacity of 8.2 million tons per annum. This includes PFLNG SATU in Malaysia, Prelude FLNG in Australia and Coral Sul FLNG in Mozambique.