Page 6 - AfrOil Week 35 2022

AfrOil PIPELINES & TRANSPORT AfrOil

Schedule for Mozambique’s first LNG

cargo revised as tanker changes course

MOZAMBIQUE ENI (Italy) appears to have made some altera- Korea) and ENH, the national oil company
tions to its schedule for loading the first cargo of (NOC) of Mozambique.
LNG for export from Mozambique, as a tanker The partners are using the Coral Sul FLNG
that was due to rendezvous with the Coral to liquefy gas from their licence area. This vessel
Sul floating LNG (FLNG) vessel has changed has a single production train and is currently
course. anchored in 2,000-metre-deep water. It has a
The tanker, a 173,644-cubic metre LNG car- production capacity of 3.4mn tonnes per year
rier owned by BP (UK) and known as the British (tpy) and will be used to process 450bn cubic
Mentor, had been due to arrive at the Coral gas metres of gas from the Coral reservoir within
field on August 24, and as reported last week, Area 4. It is the first floating gas liquefaction
it was approaching the appointed site as of that plant ever to be deployed at a deepwater field off
date. However, Bloomberg said on August 29, the coast of Africa.
citing its own compiled ship-tracking data, that Strong European demand has already led
the ship had not made the rendezvous with the Eni to expand the scope of the Coral South LNG
Coral Sul FLNG. Instead, the news agency said, project. The Italian major said recently that it
it had spent a few days idling in Mozambican was planning to add a second FLNG facility so
waters and then changed course, sailing in the that it could expand production within less than
direction of Qalhat, a port in Oman that hosts four years. ™
an LNG terminal.
As of press time, neither BP nor Eni had
commented on the matter.
BP has signed an agreement making it the
sole off-taker of LNG from the Coral Sul FLNG
vessel. Eni is the operator of the Coral South
LNG consortium, which has a licence for a
section of a block known as Area 4 offshore
Mozambique.
The Italian major discovered the Coral field
at Area 4 in 2012 and made an FID in favour
of going forward with the $10bn Coral South
LNG project in 2017. The other shareholders in
the project are Mozambique Rovuma Venture
(MRV), a joint venture owned by Eni, Exxon-
Mobil (US) and China National Petroleum
Corp. (CNPC); Galp (Portugal); KOGAS (South The Coral Sul FLNG is still waiting to load its first export cargo (Photo: Eni)

Talanx declines to re-insure EACOP

UGANDA/TANZANIA TALANX, Germany’s third-largest insurance is and will be no involvement in EACOP by
company, has confirmed that it will not pro- Talanx or any of its subsidiaries.”
vide re-insurance coverage for the East Africa According to the post, the message has wider
Crude Oil Pipeline (EACOP) project, the #Sto- implications, as it indicates that the German
pEACOP campaign said in a post on its website firm’s affiliates are also staying away from the
dated August 25. pipeline initiative.
In the post, #StopEACOP, a coalition formed “This statement implies that [the] Talanx
by multiple environmental and civil society subsidiary, Lloyd’s of London member Argenta
organisations, said it had received an email Insurance, will also stay away from the contro-
message to this effect from Dr. Jan-Philippe versial EACOP project,” #StopEACOP said.
Lüdtke, Talanx’s group strategy and sustainabil- “Including Talanx and Argenta, the total num-
ity manager. ber of (re)insurers who have confirmed they
Lüdtke wrote: “I can now confirm that there would stay away from EACOP is now 13.”

P6 www. NEWSBASE .com Week 35 01•September•2022