Mozambique: BP to buy Coral South LNG production

Issue 332 - 14 Oct 2016 | 3 minute read

With a final investment decision (FID) on the Coral South floating liquefied natural gas (LNG) development imminent, Eni and its partners have signed a sales and purchase agreement with BP to buy all its production. BP will use LNG from the contract to help meet its global supply commitments. The company said the agreement, signed on 4 October, covered the purchase of LNG for over 20 years, and would contribute to the diversification of its portfolio beyond the end of the decade. The agreement is conditional on FID being reached, which is expected by year-end.

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