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Eni and Partners Consider FID for Mozambique’s New FLNG Project By Mid-2024

Eni and Partners Consider FID for Mozambique’s New FLNG Project By Mid-2024

The new floating liquefied natural gas (FLNG) project would be the Italian oil and gas company’s second in the African country.

ENI and its partners are planning to make a final investment decision (FID) for its Mozambique-based floating liquefied natural gas (FLNG) project by June 2024, reported Reuters, citing sources.

The new FLNG project would be the Italian oil and gas company’s second in the African country and is expected to further boost Mozambique’s production capacity.

Eni’s first project in the country is the Coral Sul FLNG facility, which began operations in November 2022.

One of the sources was quoted by the news agency as saying: “Job done? Not yet. It is 90% done and we are aiming to have the FID during H1 in 2024.”

According to an Italian Government source, later this week Italian Prime Minister Giorgia Meloni and Eni CEO Claudio Descalzi are expected to visit Mozambique and the Republic of Congo to deepen relations between Italy and the two nations.

See Also

Eni operates the Coral Sul facility, with around a 66.66% stake jointly owned by Eni, Exxon Mobil and Chinese company CNPC.

Reuters

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