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NFE’s Fast LNG solution would involve the construction of a modular gas liquefaction plant (Image: NFE)

Descalzi says Eni may use NFE modular

solution to expand Coral South LNG

MOZAMBIQUE CLAUDIO Descalzi, the CEO of Italy’s Eni, indi- exploration and development work, along with
cated on July 29 that his company was looking the construction and deployment of the Coral
into the possibility of incorporating Fast LNG, a Sul FLNG vessel – at around $10bn.
modular solution developed by US-based New The CEO did stress, though, that he believed
Fortress Energy (NFE) for natural gas liquefac- NFE’s modular solution would help Mozam-
tion, into the Coral South LNG project offshore bique develop its gas reserves more quickly.
Mozambique. “That is clearly a way to develop fast LNG in
Speaking to analysts during a conference call Mozambique,” he remarked. “We have a huge
covering Eni’s second-quarter results, Descalzi amount of reserves there,” he continued, noting
noted that the Coral South LNG consortium that Coral South LNG’s own concession, which
was already working to load its first cargo, pro- includes several large fields within the offshore
duced with the Coral Sul floating LNG (FLNG) Area 4, contains around 80 trillion cubic feet
vessel. Eni is interested in supplementing this (2.266 trillion cubic metres) of gas.
vessel’s 3.4mn tonne per year (tpy) liquefaction He also indicated that Eni was still discuss-
capacity with Fast LNG modules similar to those ing the matter with its fellow shareholders in
it has arranged to install at the Marine XII con- the consortium. “Among our partners there is
cession offshore the Republic of Congo (ROC), a positive view, but we have to wait for a final
he said. approval,” 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 in
production capacity by 2.5-3.0mn tpy, he added. 2,000-metre-deep water and will be used to pro-
Descalzi did not say how much the Fast LNG cess 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. ™

Natref back online as oil deliveries resume

SOUTH AFRICA SOUTH Africa’s Sasol and its French partner refineries in the country, with closures following
TotalEnergieshave restarted their joint venture the announcement of the Clean Fuels 2 (CF2)
(JV) refinery at Sasolburg following the resump- legislation, which will mandate the use of ultra-
tion of feedstock deliveries. low-sulphur gasoline and diesel products when
Delayed crude oil deliveries caused the JV to it comes into effect.
close the 107,000 barrel per day (bpd) National Sasol told Bloomberg this week that while
Petroleum Refiners of South Africa (Natref) the plant remains under force majeure, it is back
unit, which is one of only two operational “online and production ramp-up is in progress.”

Week 30 28•July•2022 www. NEWSBASE .com P15