Page 4 - GLNG Week 31 2022

GLNG AFRICA GLNG

Descalzi says Eni may use NFE’s Fast LNG

modular solution to expand Coral South LNG

PROJECTS CLAUDIO Descalzi, the CEO of Italy’s Eni, indi- the construction and deployment of the Coral
cated on July 29 that his company was looking Sul FLNG vessel – at around $10bn.
into the possibility of incorporating Fast LNG, a The CEO did stress, though, that he believed
modular solution developed by US-based New NFE’s modular solution would help Mozam-
Fortress Energy (NFE) for natural gas liquefac- bique develop its gas reserves more quickly.
tion, into the Coral South LNG project offshore “That is clearly a way to develop fast LNG in
Mozambique. Mozambique,” he remarked. “We have a huge
Speaking to analysts during a conference call amount of reserves there,” he continued, noting
covering Eni’s second-quarter results, Descalzi that Coral South LNG’s own concession, which
noted that the Coral South LNG consortium was includes several large fields within the offshore
already working to load its first cargo, produced Area 4, contains around 80 trillion cubic feet
with the Coral Sul floating LNG (FLNG) vessel. (2.266 trillion cubic metres) of gas.
Eni is interested in supplementing this vessel’s He also indicated that Eni was still discuss-
3.4mn tonne per year (tpy) liquefaction capacity ing the matter with its fellow shareholders in the
with Fast LNG modules similar to those it has consortium. “Among our partners there is a posi-
arranged to install at the Marine XII concession tive view, but we have to wait for a final approval,”
offshore the Republic of Congo (ROC), he said. he said.
“We are discussing a possible additional off- Eni, the operator of Coral South LNG,
shore development through LNG, the same Fast brought the Coral Sul FLNG to Mozambican
LNG we are developing in Congo,” he said. Fast waters early this year. The vessel, which has a
LNG modules could expand Coral South LNG’s single production train, is currently anchored
production capacity by 2.5-3.0mn tpy, he added. in 2,000-metre-deep water and will be used to
Descalzi did not say how much the Fast LNG process 450bn cubic metres of gas from the Coral
solution might affect the cost of the Coral South reservoir within Area 4. It is the first floating gas
LNG project. The Eni-led consortium had orig- liquefaction plant ever to be deployed at a deep-
inally put the cost of its endeavour – including water field off the coast of Africa.™
exploration and development work, along with

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