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.
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