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

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.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: