Italian explorer ENI has submitted a formal proposal to the Mozambican government for the Coral North project, its second Floating LNG aimed at monetizing the Coral gas field in ultradeepwater Area 4 in the Indian Ocean.
The facility will be sited — around 10 kilometres north of the existing Coral South FLNG, 50 kilometres off the coast of Palma in Cabo Delgado Province.
Coral North will cost around $7Billion and ENI officials expect liquefaction and export to commence in 2027.
The company continues its environmental impact assessment process for the project and has announced two public consultation meetings: in Maputo on June 30 at the Radisson Blu Hotel, and in Pemba (in the Cabo Delgado Province) on July 4.
Coral North will have a production capacity of 3.5Million tonnes per year, like Coral Sul FLNG, which began exporting gas in November 2022. The molecules will be delivered from six subsea from the Coral offshore reservoir, located in Area 4 of the Rovuma Basin.
Onshore logistics operations for the project will be carried out from three designated bases: in the Port of Pemba, at a logistics base in Pemba, and at the Pemba Airport. ENI will run the project from its offices in Maputo and Pemba. Equipment requiring the use of a deepwater port will be unloaded at the Port of Nacala in Nampula province, south of Cabo Delgado.
ENI decided to move ahead with s the second floating gas production facility, as larger, onshore projects, planned by TOTAL led Mozambique LNG (13MMTPA) and ExxonMobil led Rovuma LNG, stall as a result of insecurity issues in
Coral South FLNG was built in South Korea by Samsung Heavy Industries; it was the first in deep water globally and the sixth FLNG platform set up anywhere in the world.