Italian energy major Eni has announced the first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique. The development sparks a new era of hydrocarbon growth in the southern African country, with Mozambique now on track to produce its first liquefied natural gas (LNG) by the end of this year.
Eni, alongside its partners ExxonMobil, the China National Petroleum Corporation, GALP, KOGAS, and Empresa Nacional de Hidrocarbonetos, is targeting the production of LNG for exportation to Europe and Asian markets. The development will spark a wave of gas monetization in the hydrocarbon-rich country, with gas driving socioeconomic development both locally and across the wider region while addressing the global demand for LNG in the wake of the Russia-Ukraine conflict.
With over 600 million people across the African continent living in energy poverty and 900 million people without access to clean cooking solutions, the Coral South Field development marks a new chapter that will see the exploitation of Mozambique’s 100 trillion cubic feet (tcf) of gas reserves to address continental and global energy needs.
With Africa seeking to diversify its energy mix, the exploitation of the continent’s 620 tcf of gas reserves, through projects such as Coral-Sul FLNG, not only provides an opportunity to expand power generation but to avert climate change. With Eni and partners leveraging zero flaring and dry low nitrogen oxide technology to reduce greenhouse gas, the Coral-Sul FLNG project provides a blueprint for both Mozambique and other African countries looking at adopting global sustainable gas production specifications, attract funding and accelerate project deployment. In this regard, the Coral-Sul FLNG milestone will unlock investments for Mozambique’s LNG gas boom and help accelerate the development of planned projects such as TotalEnergies’ Mozambique LNG, and Eni and ExxonMobil’s Rovuma LNG developments.
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