Mozambique Oil & Gas: ENI’s Coral South FLNG already under construction

ENI CORAL SOUTH FLNG.jpgEni’s Coral South FLNG is already under construction, said the Minister of Mineral Resources and Energy, Max Tonela, at the parliament, adding that “(…) we anticipate that Mozambique can start the production and export of liquefied natural gas from the last quarter of the 2022”.

“The FLNG is already under construction FLNG at the moment and in March this year we witness in Singapore to cut the first steel plate for the platform mooring system whose completion is scheduled for the end of 2021, it is expected to be towed to national waters and available to start the installation process in the first quarter of 2022 and expect Mozambique to start production and export of liquefied natural gas from the last quarter of the same year,” Max Tonela said on Wednesday (16) by intervening in questions session presented by parliamentary groups to the government.

This floating plant for liquefied natural gas is the materialization of the 8 billion US dollars project developed by Italian multinational ENI, with its CNPC partners, Kogas, Galp and the Mozambican state company ENH in one of the existing deposits in Area 4 of the Rovuma basin in the province of Cabo Delgado.

Asked about the gains that Mozambique can expect only in this project, Max Tonela stated that “will generate direct profits in the order of 40.7 billion US dollars and the Mozambican state will raise 19 billion US dollars during the exploration period of the project, estimated at 25 years, resulting from the tax on oil Production, IRPC and oil sharing.”

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