Eni takes FID on Coral North FLNG project off Mozambique

Eni and its partners have reached a Final Investment Decision (FID) to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. 

The project will be implemented by the Joint Venture formed by Eni (50%), CNPC (20%), Kogas (10%), ENH (10%) and ADNOC’s subsidiary XRG (10%), and will bring into production the gas volumes from the northern part of Area 4’s Coral gas reservoir, in the Rovuma basin, through a floating LNG facility. 

“With Coral North we will contribute to supply the worldwide growing 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,” Eni CEO Claudio Descalzi commented.

Coral North is Eni’s second development in Mozambique and the second large-scale FLNG delivered in ultra-deep waters worldwide, with Coral South being the first. "Leveraging the experience gained with Coral South, which has been in production since 2022, Coral North will offer competitive advantages in terms of schedule, costs, performance optimisation, and minimization of execution risks, aiming to deliver the project within schedule in 2028," Eni said.

With a production liquefaction capacity of 3.6MTPA, the newly built Coral North FLNG - coupled with its predecessor Coral South - will bring Mozambique’s overall LNG production to exceeding 7MTPA, making the country the third-largest LNG producer in Africa.