Mozambique: LNG production to begin in October – AIM report

Login

Register

http://www.clubofmozambique.com/

Mozambique: LNG production to begin in October – AIM report

7:56 CAT | 10 Mar 2022

in file CoM

Production of Liquefied Natural Gas (LNG) from the Coral Sul gas field off the coast of the northern Mozambican province of Cabo Delgado is due to begin in October and continue for the next 25 years.

Addressing a press conference on Tuesday in Maputo, at the end of the weekly meeting of the Council of Ministers (Cabinet), the government spokesperson, Deputy Justice Minister Filimao Suaze, highlighted the growing role of Mozambicans in developing the project.

Suaze pointed out that there are currently 27 Mozambicans working on the final stages of making the floating LNG platform ready for operation, involving fabrication, transportation, and anchorage.

According to Suaze, over the next fifteen years about ninety per cent of workers on the platform will be Mozambicans.

Budgeted at over seven billion US dollars, the Coral Sul project is owned by a consortium headed by the Italian energy company, ENI. It will have a production capacity of 3.4 million metric tonnes of LNG per year, all of which has been secured by British Petroleum (BP) through a long term contract.

Coral Sul lies within the Rovuma Basin Area Four concession and will be the first project to produce LNG in Mozambique. The main participant in Area Four is Mozambique Rovuma Ventures, a partnership between ENI, the US oil and gas giant ExxonMobil and the China National Petroleum Corporation (CNPC), which together control 70 per cent of the undertaking. The remaining 30 per cent is divided equally between the Mozambican state enterprise ENH, Galp Energia of Portugal, and Kogas of South Korea.

The floating platform was baptised by Mozambique’s President Filipe Nyusi in November last year in South Korea and arrived at its final destination in January. It has now been anchored and is undergoing pre-commissioning that will continue until June 2022.

Source: AIM