Coral North FLNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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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.[1]

Location

The terminal is proposed to be located off the coast of Cabo Delgado, Mozambique.[1]

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Project details

  • Operator: Eni[1]
  • Owner: Eni (25%), ExxonMobil (25%), China National Petroleum Corporation (20%), ENH (10%), KOGAS (10%), ADNOC (10%)[1][2]
  • Parent company: Eni (25%), ExxonMobil (25%), China National Petroleum Corporation (20%), ENH (10%), KOGAS (10%), ADNOC (10%)[1][2]
  • Location: Coral Gas Field, Rovuma Basin, Cabo Delgado Province, Mozambique[1]
  • Coordinates: -10.9, 41.2 (approximate)
  • Capacity: 3.4 mtpa[1]
  • Status: Proposed[1]
  • Type: Export[1]
  • Start year: 2027[1]
  • Cost: US$7 billion[1]
  • Financing:
  • FID status: Pre-FID (2024)[3]

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."[4]

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.[1]

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.[3]

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.[2]

Articles and resources

References

  1. 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 "Mozambique: LNG Floating Platform Planned". allAfrica.com. Retrieved 2023-08-21.
  2. 2.0 2.1 2.2 "ADNOC to Acquire 10% Equity Stake in Major LNG Development in Mozambique". www.adnoc.ae. Retrieved 2024-07-18.
  3. 3.0 3.1 Staff, LNG Prime (2024-03-01). "Technip Energies CEO: Eni's Coral Norte FLNG has 'potential' for FID in 2024". LNG Prime. Retrieved 2024-07-18.
  4. Iain Esau, Eni eyes second floating LNG vessel in gas-rich Mozambique block, Upstream, Jul. 14, 2022