International

President of Mozambique Niuxi unveils the US $8 billion Coral South FLNG project

Seetao 2022-11-24 16:32
  • Also known as Coral Sul FLNG, the project is the first LNG producer in Mozambique
  • Shanhu South FLNG Project operated by Eni is located in Zone 4 and installed in the water depth of about 2000 meters. 3.4 million tons of natural gas are liquefied annually for transportation
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Eni said that Mozambican President Felipe Hasintoh Niuxi had launched the Coral South Floating LNG Project worth 8 billion US dollars in the ultra deep waters of the Ruvuma Basin in the East African country.

Other government dignitaries and company officials attended the inauguration ceremony, following the first LNG shipment earlier this month. The Coral South FLNG project operated by Eni is located in Zone 4. Eni cooperates with ExxonMobil, Kogas, PetroChina, Galp and Empresa Nacional de Hidrocarbonetos in offshore areas near the coast of Cabo Delgado Province.

The Italian oil and gas giant said that Coral South is a milestone project in the natural gas industry, which is pushing Mozambique to the global LNG stage and paving the way for the country's transformation and transformation through the development of natural gas resources. It is an important contribution to the security and diversification of European supply and one of the most effective solutions to ensure a just energy transformation.

During the inauguration ceremony, the representative of the company and the president of Nyusi also talked about the possibility of replicating the Coral South project and further developing FLNG. The company said that the discussion also involved the development of other onshore projects.

The Coral South FLNG project was approved in 2017 to produce 450 billion cubic meters of natural gas from the Coral Gas Field. The facility is installed in a water depth of about 2000 meters, and 3.4 million tons of liquefied natural gas are used for transportation every year. The Coral Gas Field has developed six subsea production wells, which are connected to the FLNG ship.Editor/Xing Wentao