Coral North FLNG Terminal

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Coral North FLNG Terminal, also known as Coral Norte FLNG Terminal, is a floating liquefied natural gas (FLNG) export terminal proposed in Mozambique.

Location

The terminal is proposed to be located off the coast of Cabo Delgado, Mozambique.

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Project details

• Operator: Eni

• Owner: Eni (25%), ExxonMobil (25%), China National Petroleum Corporation (20%), ENH (10%), KOGAS (10%), ADNOC (10%)

• Parent company: Eni (25%), ExxonMobil (25%), China National Petroleum Corporation (20%), ENH (10%), KOGAS (10%), ADNOC (10%)

• Location: Coral Gas Field, Rovuma Basin, Cabo Delgado Province, Mozambique

• Coordinates: -10.9, 41.2 (approximate)

• Capacity: 3.4 mtpa

• Status: Proposed

• Type: Export

• Start year: 2027

• Cost: US$7 billion

• Financing:

• FID status: Pre-FID (2024)

• Associated infrastructure: Coral South FLNG Terminal

Background

In July 2022, the oil and gas publication Upstream reported unconfirmed speculation that Eni was considering the possibility of deploying a second floating liquefied natural gas vessel in Mozambique. A company spokesperson said: "Eni and its partners are actively evaluating all technical solutions to allow timely production of Mozambique's considerable gas resources."

In June 2023, AllAfrica reported that Eni was planning to build the project, known as Coral North, as a duplicate of the Coral South FLNG Terminal project. Coral North FLNG Terminal will be anchored 10 kilometers from the Coral South platform. The project will have a capacity of 3.37 mtpa and is expected to cost US$7 billion. According to the current calendar, the project would begin operation in the second half of 2027.

In March 2024, one of the project's contractors, Technip Energies, said the project could potentially reach a final investment decision (FID) in late 2024.

In May 2024, the United Arab Emirates' ADNOC announced it had acquired Galp's 10% stake in the Area 4 concession of the Rovuma Basin, granting it a 10% stake in Rovuma LNG Terminal, Coral South FLNG Terminal, and Coral North FLNG Terminal.