Eni Gets Approval for FLNG Facility off Mozambique

  • Business & Finance

Italy-based oil and gas company Eni has received an approval to construct and install a floating liquefied natural gas (FLNG) facility with a capacity of around 3.4 mtpa at the Coral discovery, offshore Mozambique.

The company said that the FLNG facility is part of the development located in water more than 2000 meters deep and approximately 80 kilometers offshore of the Palma bay in the northern province of Cabo Delgado.

Eni’s CEO, Claudio Descalzi, said that the project will see “the installation of the first newly built floating LNG facility in Africa”.

The approval, granted by the Government of Mozambique’s Council of Ministers, relates to the first phase of development of 5 trillion cubic feet of gas in the Coral discovery made in May 2012.

Under the Area 4 development plan, the first one to be approved in the Rovuma Basin, apart from the FLNG facility, six subsea wells are expected to be drilled.

The discovery is estimated to contain around 16 trillion cubic feet (TCF) of gas in place.

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