Eni pulls it off in Mozambique

Coral FLNG carries high risk both technically and politically – and yet it was the only LNG project to reach FID this year Coral FLNG carries high risk both technically and politically – and yet it was the only LNG project to reach FID this year
By Leigh Elston 21 December 2017 0 28876
A drillship performing a flow test. A flow test being performed off Mozambique. (Anadarko)

Few would have predicted that the only liquefaction project in the world to reach FID in 2017 would be a deepwater floating facility in Mozambique.

However, Eni signed off on its $8 billion Coral South FLNG project to much fanfare in Maputo at the beginning of June.

The 3.4 mtpa development achieves several firsts: it will be the world’s first ultra-deep offshore FLNG project; the first newbuild FLNG vessel in Africa; and the first FLNG facility to be project-financed, Eni Chief Executive Claudio Descalzi has said. 

The financing...

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