Chinese major CNOOC steps in to acquire Mozambique concession near where CNPC of China has LNG stake
China National Offshore Oil Corp. (CNOOC), the Chinese energy major with international and domestic LNG interests, has signed independent exploration and production agreement with the southeast African nation of Mozambique near where another Chinese major holds LNG project stakes.
Air Products says FLNG plant off Mozambique successfully passes processing capacity and other key tests
Air Products, the leader in supplying US liquefied natural gas technology and equipment to the world, has successfully passed the processing capacity test for the floating LNG plant offshore Mozambique that turned the southeast African nation into an energy exporter.
Portugal’s Galp with stake in Mozambique LNG says new Namibia discovery may hold 10 billion barrels equivalent
Galp Energia, the Portuguese oil and gas company whose most valuable upstream assets has been its stake in one of Africa’s prolific natural gas basins and LNG projects offshore Mozambique, says a new discovery off the southwest African nation of Namibia could contain 10 billion barrels of oil equivalent or more.
Mozambique pledges to establish sovereign fund like Norway’s from LNG projects to lift nation from poverty
Mozambique, the newest liquefied natural gas exporter, has voted for the creation of a Sovereign Wealth Fund similar to that in oil and gas producing nation Norway to make sure the Mozambican people benefit from current and future LNG expansions led by major international energy companies.
Mozambique may have second floating LNG plant before onshore facility is built in Cabo Delgado province
The Mozambican Government is considering a project led by Italian energy company Eni for the deployment of a second floating liquefied natural gas plant called the Coral North project to match the Coral South plant that went on stream in November 2022.
Agência de Informação de Moçambique (AIM), the official Mozambique news agency, carried the report in its latest bulletin.
The project will be developed by a consortium headed by Italian oil and gas major Eni and was in the “pre-viability environmental study” stage for deployment in the Rovuma Basin offshore Mozambique.
The Eni study was cited by AIM as saying that the second FLNG plant would be “the most efficient way to maximise the recovery and profitability of the gas reserves” of the Coral natural gas field.
FLNG costs
“The investment envisaged in the second platform is US$7 billion and is still subject to approval by the Mozambican government,” said the official news agency.
“Under the current schedule, the new platform would begin to produce LNG in the second half of 2027,” it said.
“That means that the platform will be in production before the onshore LNG plant planned for the Afungi Peninsula in Palma district by French oil and gas company TotalEnergies,” added the report.
“The resumption of work by TotalEnergies will depend on whether the French company is satisfied with the recent improvements in the security situation,” said AIM.
The report said that the Mozambique Government expects the Coral North FLNG plant to be anchored about 10 kilometres (6.2 miles) from the existing Coral South facility which has been liquefying natural gas since October 2022.
“The platform has the capacity to produce 3.37 million tonnes of LNG a year and the Coral North platform would double that figure,” it said.
The first LNG cargo was lifted on the 13th of November 2022 from the “Coral Sul FLNG” vessel.
Upstream operator
Eni is the upstream operator of the Area 4 licence resources containing the Coral gas reservoir.
The “Coral-Sul FLNG” vessel was constructed at Samsung Heavy Industries shipyard in Geoje in South Korea and is the first floating LNG facility ever deployed in the deep waters of East Africa.
The other partners of Eni in the first FLNG project were US major ExxonMobil Corp., China National Petroleum Corp., Galp Energia of Portugal, Korea Gas Corp. and Mozambique’s Empresa Nacional de Hidrocarbonetos (ENH), the state energy company.
BP of the UK has a long-term agreement spanning over 20 years to purchase 100 percent of LNG output from the Coral South FLNG venture.
The new Coral North project was first mentioned by the Coral gas field shareholders to Mozambique President Filipe Jacinto Nyusi when the President visited the “Coral-Sul FLNG” vessel for a ceremony on November 24, 2022.
“They discussed with the President the possibility of replicating the success of the Coral South project with further FLNG developments as well as other onshore projects,” said Eni at the time.
Mozambique launched as LNG exporting nation as first cargo departs Coral-Sul FLNG production hull
Italian energy company Eni said the “Coral-Sul FLNG” production vessel offshore Mozambique shipped its first cargo from the Rovuma Basin to launch the southeast African nation as an LNG exporter.
Portugal's Galp Energia swings to profit and says Mozambique FLNG first cargo expected in fourth quarter
Portuguese oil and gas company Galp Energia swung to a second-quarter net profit of €726 million ($741M) from a previous quarterly loss as it reported progress in the development of the Mozambique floating LNG project in southeast Africa.
