Eni, as Delegated Operator of the Coral South project on behalf of its partners in Area 4 (ExxonMobil, CNPC, GALP, KOGAS and ENH) informs that the first shipment of liquefied natural gas (LNG) produced by the Coral field, in ultra - deep in the Rovuma basin, it has just started from the Coral Sul Floating Liquefied Natural Gas (FLNG) plant.
Eni's Chief Executive Officer, Claudio Descalzi, commented: "This first shipment of LNG from the Coral South project, and from Mozambique, represents a new and important step in Eni's strategy that leverages gas as a source capable of significantly contributing to European energy security, also through the growing diversification of supplies, supporting at the same time a fair and sustainable energy transition. We will continue to work with our partners to ensure timely exploitation of Mozambique's vast gas resources ".
Coral South is a historic project for the sector and places Mozambique firmly on the global LNG scene. The project, approved in 2017, comes into operation after only 5 years, in line with the timing and costs foreseen in the initial program and despite the disruptions caused by the Covid pandemic. This result was possible thanks to Eni's particular phased and parallelized approach, effective execution planning, the strong commitment of all partners and the constant support of the Mozambican government. Coral Sul FLNG has a gas liquefaction capacity of 3,4 million tons per year and will produce LNG from the 450 billion cubic meters of gas in the Coral field.
Area 4
Area 4 is operated by Mozambique Rovuma Venture SpA (MRV), a joint venture set up by Eni, ExxonMobil and CNPC, which holds a 70% stake in the Area 4 exploration and production concession contract. 'Area 4 in addition to MRV are Galp, KOGAS and Empresa Nacional de Hidrocarbonetos EP, each with a 10% share. Eni is the Delegated Operator for the Coral South project and for all Upstream activities in Area 4.