Eni Discussing Second Offshore LNG Platform with Government

The director of natural resources operations of Italian oil company Eni, Guido Brusco said on Wednesday that a second liquefied gas production platform could be launched off Mozambique, a subject discussed with the government.

“There are opportunities to increase supply in the short term, including the possibility of replicating the success of the Coral Sul project with a new FLNG (‘Floating Liquified Natural Gas’) development,” that is, a platform like the one that this month began exporting gas from the Rovuma basin.

This, as well as “onshore developments,” he said, but which have been delayed due to armed violence in Cabo Delgado province.

Guido Brusco was speaking in Pemba, on the sidelines of the official inauguration of the Coral Sul platform by the Mozambican president.

Filipe Nyusi today visited the infrastructure that since the beginning of the year has been stationed 40 kilometres off the Mozambican coast and that 10 days ago began exporting liquefied natural gas.

Although the hypothesis of a second platform has already been ventilated for about a year (even before the war in Ukraine), the statement of Eni’s leader highlights the importance and opportunity of the investment.

“What is clear is that we need to act quickly. Everything is in place to achieve this goal: we have proven reserves, proven technology, a strong and committed team, track record of delivery achieved with the Coral Sul platform and government support,” Guido Brusco highlighted. 

“We will continue to work closely with partners and the government to assess all possible options for further developments,” he concluded.

Mozambican president Filipe Nyusi confirmed the talks and highlighted the importance of further developments to monetise the Rovuma gas reserves, which are among the largest in the world, at a time when global demand has grown.

The Coral Sul platform operated by Italian oil company Eni on behalf of the Area 4 consortium in Mozambique will produce 3.4 million tonnes of liquefied natural gas (LNG) per year for BP (which has bought the production for 20 years).

The first export cargo ship was loaded with Mozambican LNG on November 13.

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There are two other larger projects approved for the Rovuma basin, led by TotalEnergies (Area 1) and Exxon/Eni (Area 4), which could produce four to five times as much each.

However, these envisage onshore liquefaction plants on the Afungi peninsula and are waiting for decisions by the oil companies for construction to go ahead, given the insecurity in the region.

Area 4 is operated by Mozambique Rovuma Venture (MRV), a joint venture co-owned by ExxonMobil, Eni and CNPC (China), which holds a 70% stake in the concession contract. 

Galp, Kogas (South Korea) and Empresa Nacional de Hidrocarbonetos (National Hydrocarbons Company of Mozambique) each have a 10% stake.

Lusa

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