Mozambique Oil & Gas: Country to earn $16Bi with Coral FLNG

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Mozambique President, Felipe Nyusi (left), ENI CEO, Claudio Descalzi (right)

The Mozambican government is expected to earn $ 16 billion over the 25-year exploration of the Coral Sul natural gas project, which was launched on Thursday and was rated by the promoters as “just an appetizer.”

“It’s a great appetizer, it’s a lunch, a dinner, but we’d rather call it an appetizer compared to the much larger reserves that Mozambique has,” said Claudio Descalzi, managing director of the Italian oil company ENI.

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