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Italian oil company Eni announced this Friday that production of liquefied natural gas (LNG) in the ultra-deepwater Area 4 of the Rovuma Basin in Mozambique has reached 5 million tons.
“This is a major milestone for the project and represents not only a huge achievement at the technical and operational level, but also a testament to the dedication, commitment and collaboration of the entire team and partners,” declared the regional operator, the oil company, which also includes ExxonMobil, China National Petroleum Corporation (CNPC), GALP, KOGAS and ENH.
LNG production in the region is carried out by the Coral Sul FLNG platform, which began operations in October 2022 and has so far exported 70 cargoes of LNG and 10 cargoes of condensate, “making a significant contribution to the country’s economic growth,” Eni said.
The oil company added that Coral Sul “is a reference project in the sector, placing Mozambique among the global producers of LNG, laying the foundations for transformational change in the country”, exploiting natural gas resources, “while contributing to fair competition and sustainable energy transition”.
“This achievement reinforces our commitment to provide exceptional value to the country. We will continue to work with our partners and the Mozambican government to ensure the valorization of Mozambique’s rich gas resources through the development of further gas projects”, he assured Marica Calabrese, ENI Ruvuma Basin general manager, quoted in the same message from the Italian oil company.
The Coral Sul FLNG is a platform with a natural gas liquefaction capacity of 3.4 million tonnes per annum (MTPA) and will produce 450 billion cubic meters of natural gas from the “huge coral reservoir” located offshore in the Rovuma Basin.
It is the first floating LNG unit “to be installed in deep waters of the African continent” and is “considered a pioneering project with cutting-edge technology for an ‘offshore’ environment, with a strong focus on energy efficiency, at the highest level in the LNG industry”.
Eni, the Rovuma Area 4 concessionaire, previously announced that it is currently developing a second floating platform, a replica of the first, called Coral Norte, to increase gas extraction.
A source in the company explained to Lusa at the end of October last year that the plan specifically involves the acquisition of a second FNLG platform in the North Coral area, the same one used for gas extraction in the South Coral area, which is already under construction in South Korea.
“Eni is working to develop Coral Norte, its second FLNG in Mozambique, leveraging the experience and lessons learned from the Coral Sul FLNG, including those related to costs and execution time”, added the same source at the oil company, the operator of the consortium.
A previously published document prepared by Consultec Mozambique for Eni shows that this is a US$7 billion (€6.3 billion) investment, subject to approval by the Mozambican government.
If plans go according to plan, the platform will start production in the second half of 2027, which means it could even start up before the onshore projects, which depend on the security impact caused by the armed insurgency in Cabo Delgado.
Coral Norte will be moored 10 kilometres north of Coral Sul, which started production last November, becoming the first project to tap into the Rovuma Basin’s vast reserves.
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