Mozambique Oil & Gas: Eni completes $4.7 billion Coral South FLNG financing

Italy’s state-controlled energy giant Eni said on Wednesday it has closed $4.7 billion financing for its Coral South floating liquefied natural gas (FLNG) project in Mozambique.

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Analysis: “Eni is Everywhere”

One company pushing ahead with operations around Africa is Eni, which continues to make discoveries and sell down finds, writes Nicholas Newman. WHAT: Eni is focused on African opportunities. WHY: The continent remains under-explored and Eni has the skill, and interest, to push its exploration work forward. WHAT NEXT: Selling off stakes in Egypt and Mozambique should provide the company with funds to sustain its grand exploration plans.

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

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.

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