Italian energy major Eni has confirmed a Final Investment Decision (FID) for the Coral North floating LNG project, its second offshore liquefied natural gas facility in Mozambique. The project marks a new phase in the country’s emergence as a key LNG producer in Africa, reinforcing the continent’s growing role in global energy supply diversification.
The new Coral North development replicates the Coral South FLNG, which started LNG exports to Europe in 2022. Once operational, the two facilities together will boost Mozambique’s annual LNG production capacity to over 7 million tonnes, effectively doubling the country’s output. According to project estimates, Coral North is expected to generate around $23 billion in tax revenue for Mozambique over its lifetime.
Eni Chief Executive Claudio Descalzi said the new facility would support both Mozambique’s economic progress and global energy stability. “With Coral North, we will contribute to the worldwide growing demand for LNG, doubling Mozambique’s contribution to global energy security, and the benefits for the country and its citizens in terms of economic and industrial growth,” he stated.
The FID announcement ceremony took place in Maputo, attended by Mozambique’s President Daniel Chapo and senior executives from Eni and its partners. The project’s ownership structure remains collaborative, involving China National Petroleum Corporation (CNPC), Korea Gas Corporation (KOGAS), Mozambican national oil company ENH, and ADNOC subsidiary XRG alongside Eni, which holds a majority share in the project.
Once completed, Coral North will strengthen Africa’s position as a competitive LNG supplier as the EU and Western markets seek alternatives to Russian energy. The project aligns with broader trends of energy diversification and partnership-driven development across the continent.
Eni expects the Coral North facility to begin operations in 2028, following engineering and construction phases similar in scope and design to Coral South.
