First cargo from $8 billion Coral South Floating LNG project

Eni, ExxonMobil, and other Area 4 partners have achieved the milestone of shipping the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project located offshore Mozambique.

The Coral South FLNG project is anticipated to produce 450 billion cubic meters of natural gas drawn from the Coral gas field in the Rovuma Basin. The facility will liquefy 3.4 million metric tons per annum of gas for transport.

Located at a water depth of nearly 2,000m (6,561 feet), the FLNG vessel produces through six subsea wells.

ExxonMobil LNG business head Peter Clarke said: “The Coral South project will bring significant long-term economic value to the people of Mozambique.

“Today’s first-cargo milestone is a testament to the hard work, continued investment and successful execution of our integrated consortium team. Mozambique is joining the ranks of global LNG producers and contributing to global LNG supplies at a time when the world needs it most.”

Eni CEO Claudio Descalzi said: “The first shipment of LNG from Coral South project, and from Mozambique, is a new and significant step forward in Eni’s strategy to leverage gas as a source that can contribute in a significant way to Europe’s energy security, also through the increasing diversification of supplies, while also supporting a just and sustainable transition.

“We will continue to work with our partners to ensure timely valorisation of Mozambique’s vast gas resources.”