- The Coral North FLNG project will add 3.6 million tonnes of liquefaction capacity per annum (MTPA), doubling Mozambique’s LNG output and reinforcing its role in global markets.
- With Coral South and the Coral North FLNG project combined, Mozambique will surpass 7 MTPA of LNG production. This achievement will therefore position the country as Africa’s third-largest producer.
Eni and its partners—China National Petroleum Corporation (CNPC), Empresa Nacional de Hidrocarbonetos (ENH), Korea Gas Corporation (KOGAS), and ADNOC’s subsidiary XRG—have approved the Final Investment Decision (FID) for the Coral North Floating Liquefied Natural Gas (FLNG) project. The facility, located offshore Cabo Delgado in northern Mozambique, will process gas from the north section of Area 4’s Coral reservoir in the Rovuma Basin.
The joint venture includes Eni, which has a 50% share, CNPC, which has a 20% share, KOGAS, which has 10%, ENH, which has 10%, and XRG, which has 10%. Notably, Coral North is Eni’s second significant development in Mozambique. It is only the second ultra-deepwater FLNG project worldwide, after Coral South, which began operations in 2022.
Eni will use Coral South’s experience to guide Coral North. This approach will allow faster delivery, greater cost efficiency, and improved performance. Furthermore, the partners aim to reduce risks and keep the project on schedule, with production expected to start in 2028.
In addition, the new development will strengthen Mozambique’s economy. It will create thousands of jobs, open opportunities for local companies, and improve industrial competitiveness. Communities will also benefit from further investments in regional development projects. These efforts will build on the positive impacts already achieved through Coral South.
Claudio Descalzi, Eni’s Chief Executive Officer, emphasised: “Coral North uses Eni’s exploration strengths, disciplined investment model, and Mozambique’s strategic position. The project will meet rising global LNG demand and double Mozambique’s role in global energy security while driving economic and industrial growth for the nation.”
Eni has operated in Mozambique since 2006. Between 2011 and 2014, the company discovered vast reserves in the Rovuma Basin, including Coral, Mamba Complex, and Agulha. These fields hold around 2,400 billion cubic metres of gas. Consequently, Coral South became the first project to produce gas from the basin. Thus, Coral North marks the next step in Mozambique’s rise as a global LNG hub.