Eni and its partners, China National Petroleum Corporation (CNPC), ENH, Kogas, and XRG have announced the Final Investment Decision (FID) for the Coral North Floating Liquefied Natural Gas (FLNG) project, located offshore in Cabo Delgado, northern Mozambique.
The project aims to develop gas resources from the northern section of the Coral reservoir in Area 4 of the Rovuma Basin through a state-of-the-art FLNG facility.
The joint venture, comprising Eni (50%), CNPC (20%), Kogas (10%), ENH (10%), and XRG (a subsidiary of ADNOC, 10%), will execute the project. This marks Eni’s second major gas development in Mozambique and the world’s second ultra-deepwater FLNG project, following the Coral South project, which began production in 2022.
The Coral North FLNG facility is scheduled to start production in 2028, with an annual liquefaction capacity of 3.6 million tons per annum (MTPA). When combined with Coral South, Mozambique’s total LNG output will exceed 7 MTPA, making it Africa’s third-largest LNG producer and strengthening its position in the global energy industry.
The project is projected to attract over $6–7 billion in investment, with detailed cost estimations indicating that the liquefied natural gas plant will have a capacity of approximately 3.55 million tons annually. The implementation promises to boost Mozambique’s economy, create jobs, and support local industry development, all while contributing to the country’s broader sustainability goals.
Eni has been active in Mozambique since 2006 and discovered substantial natural gas reserves between 2011 and 2014, totalling around 2,400 billion cubic meters in the Rovuma Basin’s Coral, Mamba, and Agulha reservoirs. The Coral South project remains the country’s first LNG production, with Coral North set to double output and consolidate Mozambique’s position as a key player in Africa’s LNG sector.