Page 8 - GLNG Week 46 2022

GLNG AFRICA GLNG

Eni confirms export of first

LNG cargo from Coral Sul

FLNG offshore Mozambique

MOZAMBIQUE ENI (Italy) confirmed on November 13 that industry and firmly places Mozambique onto
Coral South LNG had exported its first cargo of the global LNG stage. The project, sanctioned
natural gas from Mozambique. in 2017, comes on stream after just five years, in
In a statement, the Italian major, which serves line with the initial budget and schedule, despite
as the operator of Coral South LNG, said the the disruptions caused by the [COVID-19] pan-
consortium had transferred the cargo from the demic,” it commented. “This result was made
Coral Sul floating LNG (FLNG) vessel to the possible thanks to Eni’s distinctive phased and
British Sponsor, a tanker owned by Kmarin and parallelised approach, a very effective execution
chartered by BP. The 173,400-cubic metre tanker planning and the strong commitment by all part-
has now left the area, Eni said, without specifying ners and the unwavering support of the govern-
the vessel’s destination. ment of Mozambique.”
According to previous reports, the LNG is The Coral South LNG consortium has a
due to be delivered to the European market. licence for a section of a block known as Area 4
For his part, Claudio Descalzi, Eni’s CEO, offshore Mozambique in the Rovuma basin. The
described the beginning of gas exports from other shareholders in the project are Mozam-
Mozambique as a boon for European gas mar- bique Rovuma Venture (MRV), a joint venture
kets. “The first shipment of LNG from [the] owned by Eni, ExxonMobil (US) and China
Coral South project and from Mozambique is a National Petroleum Corp. (CNPC); Galp (Por-
new and significant step forward in Eni’s strat- tugal); KOGAS (South Korea) and ENH, the
egy to leverage gas as a source that can contribute national oil company (NOC) of Mozambique.
in a significant way to Europe’s energy security, The group’s target within Area 4 is the Coral
[and] also through the increasing diversification field, which was discovered in 2012. Eni and its
of supplies, while also supporting a just and sus- partners made an FID in favour of going for-
tainable transition,” he said. “We will continue to ward with the $10bn Coral South LNG project
work with our partners to ensure timely valorisa- in 2017, and the FID calls for using the Coral Sul
tion of Mozambique’s vast gas resources.” FLNG to liquefy 450bn cubic metres of gas from
Meanwhile, Eni stressed the historic nature of Coral.
the shipment, which marks Mozambique’s entry The FLNG vessel has a single production
into the ranks of LNG exporters. It also pointed train and is currently anchored in 2,000-metre-
out that the Coral South LNG consortium had deep water. It has a production capacity of 3.4mn
been able to launch gas production and exports tonnes per year (tpy) and is the first floating gas
in a relatively short period. liquefaction plant ever to be deployed at a deep-
“Coral South is a landmark project for the water field off the coast of Africa.™

P8 www. NEWSBASE .com Week 46 17•November•2022