Africa Oil & Gas: Qatar LNG expansion plans, a collateral damage to East African gas projects

Qatar plans for LNG capacity expansion could be bad news for projects in east Africa operated by Eni, Anadarko, Shell and Statoil that have yet to take final investment decisions (the Eni-led Coral floating LNG project offshore Mozambique announced its FID on June 1 – BP is the venture’s off-taker). However, such pending projects could be saved if an Asian buyer saw them as a way of weakening Qatar or simply of diversifying away from Qatar.

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Mozambique Oil & Gas: Eni’s Coral South FLNG turret awarded to Sofec

Japanese contractor and floating production specialist Modec said July 18 its 51%-owned Houston subsidiary Sofec has been awarded a contract to provide the turret mooring system (TMS) for the Eni-operated $8bn Coral South floating liquefaction (FLNG) project offshore Mozambique.

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

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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