Coral FLNG

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

Posted on July 19, 2017 by Mozambique Resources Post

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.

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

Posted on July 18, 2017July 18, 2017 by Mozambique Resources Post

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.

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

Posted on June 2, 2017 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Eni FID for Coral FLNG

Posted on June 1, 2017 by Mozambique Resources Post

Eni is expected today, June 1, to announce that the final investment decision (FID) has been given to its Coral floating LNG project offshore Mozambique. It will be the first FLNG project in deepwater offshore East Africa ever to be sanctioned, but the FID has taken a good two years to finalise.

Mozambique Oil & Gas: “Kogas unaffected by Mozambique LNG investment” – Moody’s

Posted on January 20, 2017 by Mozambique Resources Post

South Korea’s Kogas’ credit quality will not be immediately affected by its decision to invest in the Area 4 Coral South floating liquefied natural gas (FLNG) project in Mozambique, according to Moody’s Investors Service.