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Last year, Eni and its partners took a final investment decision on the second FLNG project in Mozambique worth more than $7 billion.
Building on the success of Coral South FLNG, which became operational in 2022, the Coral North FLNG project will develop, construct, and operate a floating LNG facility with annual capacity of 3.55 million metric tonnes approximately 55 kilometers off the coast of northern Mozambique’s Cabo Delgado province.
Eni has a 50 percent operating stake in the JV. Other partners include CNPC (20 percent), Kogas (10 percent), ENH (10 percent), and Adnoc’s XRG (10 percent).
The JV previously awarded contracts related to this project to Technip Energies, JGC, and Samsung Heavy.
The three contractors announced the final award in separate statements on Monday.
Under the EPCIC contract, JGC’s unit JGC France and Technip Energies, through their joint venture, will be primarily responsible for the engineering and procurement of the FLNG topside facilities as well as overall project management.
On the other hand, Samsung Heavy will undertake the engineering, procurement, and construction of the FLNG hull and the fabrication of the topside modules.
JGC said its share of the contract exceeds $1 billion, while Technip Energies said that its share of the contract exceeds 1 billion euros ($1.15 billion).
Samsung Heavy said in a stock exchange filing that it won an order from an African owner for one offshore production facility, with delivery scheduled by September 2029.
The shipbuilder said the contract is worth $2.39 billion, including $1.14 billion from previously annoucned prleiminary work.
This means the total contract award for the three companies exceeds $4.54 billion.
In January this year, Samsung Heavy launched the hull of Eni’s Coral Norte (Coral North) FLNG.
The FLNG measures 432 meters in length and 66 meters in width, making it large enough to line up four soccer fields end to end. Its launch weight alone reaches 123,000 tons, Samsung Heavy said in a separate statement.
With a 3.6 mtpa liquefaction capacity, Coral North will double Mozambique’s total LNG output to 7 mtpa.