Coral South FLNG Terminal
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Coral South FLNG Terminal is a proposed floating LNG terminal in Cabo Delgado Province, Mozambique.
Contents
Location
The map below shows the approximate location of the Coral South project, in the Rovuma Basin, off the coast of Cabo Delgado Province.
Project Details
- Owner: Eni
- Location: Coral Gas Field, Rovuma Basin, Cabo Delgado Province, Mozambique
- Coordinates: -10.9, 41.2 (approximate)
- Capacity: 3.4 mtpa, 0.49 bcfd
- Status: Proposed
- Type: Export
- Start Year: 2022
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
In November 2016, Italian oil & gas company Eni authorized investment for the first phase of its Coral South project, under which it would construct six deepsea gas wells and a floating liquefied natural gas (FLNG) facility off the coast of Mozambique. The project would have a capacity of 3.4 million metric tons per year (mtpa), or 0.49 billion cubic feet per day (bcfd).[1] The projected cost is $7 billion, and the projected start date is 2022.[2][3]
In June 2017, Eni made its final investment decision (FID) on this first phase of the project. Eni will use debt to finance 60% of the project's cost, borrowing from a consortium of 15 banks. As part of a 20-year deal, all LNG produced in the field will be sold to BP. The engineering, procurement, and construction (EPC) contract was awarded to a consortium of three companies: the UK's TechnipFMC, Japan's JGC Corporation, and Korea's Samsung Heavy Industries.[4][5] Later that month, Eni gave a contract for supply of subsea production systems, equipment, and services to GE Oil & Gas, a subsidiary of U.S. firm General Electric.[6][2]
Cost
Bloomberg reported in May 2017 that the Mozambique government encouraged two rival LNG projects, Anadarko Eni Mozambique LNG Terminal and Italy-based Eni Coral South FLNG Terminal to work together to eliminate duplication of costly infrastructure. Ultimately, they agreed to a deal allowing them to develop independently while sharing onshore liquefaction infrastructure.[7]
Articles and resources
References
- ↑ Eni approves investment for Mozambique’s Coral FLNG development, World Oil, 18 Nov. 2016.
- ↑ 2.0 2.1 Momentum building for LNG sector offshore Mozambique, UPI, 27 June 2017.
- ↑ Mozambique FLNG, Coral South Development Project, KBR document, accessed June 2017.
- ↑ Eni Clears Coral South FLNG Development Offshore Mozambique, E&P, 1 June 2017.
- ↑ Eni lets FLNG contracts to produce Coral South off Mozambique, Oil & Gas Journal, 2 June 2017.
- ↑ Eni lets subsea contract for Coral South FLNG off Mozambique, Oil & Gas Journal, 27 June 2017.
- ↑ Dan Murtaugh, "Energy Titans Get Schooled in Sharing as Billions Seen Blown," Bloomberg, May 9, 2017.
