Page 4 - GLNG Week 01 2021

GLNG COMMENTARY GLNG

Two approaches to LNG

Projects in Mozambique and Mauritania appear to be

gaining some headway, but their sponsors are following

different strategies

PROJECTS & AFRICA’S natural gas sector is finishing 2021 Rovuma basin, which is home to Area 4 and
COMPANIES and starting 2022 on a hopeful note, with two the other offshore licence areas that have been
LNG projects at opposite ends of the continent assigned to the consortia that have pledged to
WHAT: making forward progress. invest at least $50bn in major Mozambican LNG
Coral South LNG’s FLNG The two projects in question are Coral South schemes, on January 3. It was on track to arrive
has arrived at Area 4, LNG offshore Mozambique and an as-yet at its operating site on January 5, according to
while NFE has signed an unnamed initiative offshore Mauritania. With AIS data from VesselsValue cited by LNG Prime.
MoU with Mauritania on a respect to Coral South, the Eni-led consortium The consortium has said it will use the FLNG
proposed energy hub. was reportedly set to take delivery of the Coral to process gas from Coral, the first section of
Sul, the floating LNG (FLNG) vessel that will Area 4 that is slated for development. Eni and
WHY: process gas from the Area 4 block, as of Janu- its partners aim to start production at the Coral
The two projects are ary 5. This was slated to occur about two weeks field in the second half of 2022. Assuming that
illustrative of long-term after US-based New Fortress Energy (NFE) they reach this target, they will become the first
shifts in approaches to revealed that it had signed an agreement with group to launch upstream development in the
LNG deals. the government of Mauritania on the creation Rovuma basin.
of an offshore energy hub that will include an In the meantime, the consortium’s contrac-
WHAT NEXT: LNG plant. tor – TJS, a group formed by the companies
NFE’s smaller-scale, Both developments are significant, as they Technip Energies (France), JGC (Japan) and
modular, flexible strategy will help to open up new offshore production Samsung (South Korea) – will work to install
is likely to become more basins. They also serve to illustrate the different the vessel at the operating site, which is located
widespread. angles at which investors can approach FLNG in approximately 2,000-metre-deep water. The
projects. This essay offers a brief view of each group will be responsible for carrying out moor-
project and compares these angles. ing and hook-up operations.
The vessel is about 432 metres long and 66
Coral South LNG metres wide. It weighs around 220,000 tonnes
As noted above, Eni and its partners in Coral and can accommodate as many as 350 people.
South LNG were reportedly set to see the Coral It will be able to turn out around 3.4mn tonnes
Sul FLNG vessel arrive at their licence area off- per year (tpy) of LNG from its single production
shore Mozambique earlier this week. train, and BP (UK) has agreed to purchase all of
The unit has been in transit since November, its output within the framework of a long-term
when it was completed at the Samsung Heavy agreement.
Industries (SHI) shipyard in South Korea.
According to Mozambique’s National Institute Mauritania energy hub
of Petroleum (INP), the FLNG arrived in the Meanwhile, NFE is looking to develop an LNG

The Coral Sul FLNG
vessel has arrived
offshore Mozambique.

P4 www. NEWSBASE .com Week 01 07•January•2021