In October, Mozambique will launch the $7.2 billion Coral Norte liquefied natural gas (LNG) project in the Rovuma Basin’s Area 4, President Daniel Chapo confirmed recently at the Global Energy Alliance meeting in New York. The construction is scheduled to begin in October.
Operated by Italian energy major Eni, Coral Norte will be Mozambique’s second floating LNG (FLNG) development and is designed to produce 3.55 million metric tonnes of LNG annually over a 30 year period. The project follows government approval of Eni’s development plan earlier this year and builds on the success of Coral Sul, the country’s first FLNG facility, which started exports in 2022.
Like Coral Sul, Coral Norte will tap into the vast Rovuma reservoir, estimated to hold between 450 and 500 billion cubic metres of natural gas. The new FLNG unit will be supplied by six subsea wells, with first production expected in the second quarter of 2028.
The project underscores Mozambique’s push to expand offshore LNG production even as onshore developments face delays. TotalEnergies’ $20 billion Golfinho and Atum project in Area 1 remains suspended under force majeure, following ongoing militant activity on the Afungi Peninsula.
