Mozambique: FID for Coral South LNG

Issue 348 - 16 Jun 2017
Eni and its partners announced a final investment decision on 1 June for the $8bn Coral South floating liquefied natural gas (FLNG) development offshore northern Mozambique.All the drilling, construction and installation contracts for the production facilities were signed at a ceremony in Maputo, as well as agreements with the Mozambican government for the regulatory framework and financing of the project. Coral South is the first project in the development of the huge gas resource discovered by Eni in Area 4 of the Rovuma Basin.

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