Italian oil and gas multinational, Eni, has produced and exported five million tons of LNG from Area 4’s floating Coral Sul FLNG project located in the ultra-deep waters of the Rovuma Basin offshore of Mozambique.
The energy giant, which operates Area 4 on behalf of partners ExxonMobil, CNPC, GALP, KOGAS and ENH, announced the milestone on Friday.
“This is a significant milestone for the project, and it represents not only a major technical and operational accomplishment, but also stands as a testament to the dedication, commitment, and collaboration of all the team and stakeholders,” Eni said in a statement.
The Coral Sul FLNG started production in October 2022 and has so far exported 70 shipments of LNG and 10 of condensate, contributing significantly to the country´s economic growth.
Coral South is a landmark project for the industry, placing Mozambique among global LNG-producing countries, laying the foundation for the development of local gas resources and supporting a just and sustainable energy transition.
Eni Rovuma Basin managing director, Marica Calabrese, said reaching five million tonnes of production was an important milestone for the project.
“This accomplishment reinforces our commitment to delivering outstanding value to the country of Mozambique. We will continue to work with our partners and the Government of Mozambique to ensure a timely valorisation of Mozambique’s vast gas resources with additional developments of gas projects,” Calabrese said.
“As we celebrate, we recognise the importance of remaining focused on safety, environment, and operational excellence.”
Coral-Sul FLNG has a gas liquefaction capacity of 3.4 million tons per year (MTPA) and will put into production 450 billion cubic metres of gas from the giant coral reservoir. It is the first floating LNG facility ever deployed in the deep waters of the African continent and has been designed with cutting-edge technology.
Area 4 is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by Eni, ExxonMobil and CNPC, which holds a 70% interest in the Area 4 exploration and production concession contract. In addition to MRV, the other shareholders are Galp, KOGAS and ENH, each with a 10% participation interest.
