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AfrOil PROJECTS & COMPANIES AfrOil

“Our project is aligned with helping host econ- sector.”
omies achieve growth, while also meeting their Invictus has described Mukuyu-1 as one of
carbon offset targets,” Lake added. “Invictus’s the largest undrilled conventional global explo-
business plan is indicative of our commitment ration targets in the world.
to being a significant and successful part of help- The acreage was first explored by Mobil in
ing meet the dual challenge of the energy tran- the 1990s, but the US firm, which has since been
sition in not only lowering emissions, but also acquired by Exxon to form ExxonMobil, aban-
ensuring energy security, and we are proud of doned it after noting that it contained more gas
our positioning within this dynamic and critical than oil. ™

Technical problems at Coral Sul FLNG may

delay first gas exports from Mozambique

MOZAMBIQUE MOZAMBIQUE has reportedly been forced to since BP is committed to take the gas resources
postpone the export of its first LNG cargo once to Europe,” INP informed Reuters. (The insti-
again because of technical difficulties at the tute was referring to the agreement that BP has
Coral natural gas field. signed that makes it the sole off-taker of LNG
Mozambican Finance Minister Max Tonela from the Coral Sul FLNG vessel on an FOB basis
had said earlier this month that the Coral South for a period of 20 years.)
LNG consortium, led by Eni (Italy), was on track INP’s initial statement indicated that Tonela’s
to load and dispatch its first cargo before the end estimates for a quick departure may have been
of October. He was speaking as reports emerged only slightly overstated. On October 27, though,
that the group’s Coral Sul floating LNG (FLNG) Energy Intelligence reported that Coral South
vessel had already started processing gas for the LNG’s first export cargo appeared to be heading
shipment and that the British Sponsor, an LNG for a more significant delay. It said specifically
tanker operated by BP (UK), had arrived at the that the facility had experienced an outage that
field. Shortly afterwards, though, Mozambique’s had interrupted the loading of the British Spon-
National Petroleum Institute (INP) indicated sor tanker.
that Coral South LNG did not view October No information was available as to the nature
31 as a hard deadline. In an email response to or extent of that outage. It is worth noting, how-
queries from Reuters, it said that the first cargo ever, that the consortium’s very first attempt
was expected to depart in late October or early to export an LNG cargo was derailed in late
November. August by problems with a critical distillation
Additionally, it confirmed that the gas would column on the Coral FLNG. The group had to
be delivered to the European market, where shut the vessel down in order to check for dam-
demand for gas is very strong. “Regarding the age, according to an earlier Energy Intelligence
LNG export, it will be for European markets, report cited by 360Mozambique.com.

The Coral Sul FLNG can produce 3.4mn tpy of LNG (Photo: SHI)

P12 www. NEWSBASE .com Week 43 27•October•2022