Coral South FLNG
CoalSouth FLNG is a floating LNG unit is Area Four of the Rovuma Basin, off the coast of Mozambique.[1] The plan for the development has been approved and it is the first project in the Rovuma basin environmental license.
Contents
- 1 Reserves and CO2 Emissions
- 2 Strategic Significance
- 3 Companies Involved
- 4 Potential ESG Risks
- 5 Indigenous Rights
- 6 NGO's Involved
- 7 Local Opposition
- 8 Status of Project
- 9 Infrastructure
- 10 Domestic Political Situation
- 11 Project Economics
- 12 International Dynamics
- 13 Financing
- 14 Articles and resources
Reserves and CO2 Emissions
3.4 million tons per year. Phase 1 will develop 5 trillion cubic feet of gas, at a cost of $8 billion.[2]
Strategic Significance
As Africa's first floating LNG unit, Coral South may open the door to a mode of development that is currently to found on the continent. It will also be the world first ultra-deepwater FLNG (2,000 meters). Again, this makes the project a path breaker that could lead to more deepwater gas drilling.[1]
Other companies are waiting in the wings, including ExxonMobil, which was awarded a concession for exploration and production of four offshore blocks in 2015, but which has not begun exploration as of 2017.[3]
Companies Involved
Eni, ENI East Africa (EEA), Galp Energia, KOGAS, Empresa Nactional de Hidrocarbonetos (ENH)
Potential ESG Risks
Corruption
Labour Rights
Indigenous Rights
NGO's Involved
Local Opposition
Status of Project
Infrastructure
Domestic Political Situation
Project Economics
Tax Revenues
International Dynamics
Financing
Articles and resources
References
- ↑ 1.0 1.1 "LR supports Coral South FLNG project in Mozambique," Lloyds Register, 25 June 2018
- ↑ "Coral Field, Area 4, Rovuma Basin," Offshore Technology, accessed 8/18
- ↑ Mozambique Oil & Gas, Export.gov, 6/17/17
