
Technip Energies JV Wins Coral North FLNG Contract
Technip Energies, JGC and Samsung Heavy Industries have secured an EPCIC contract for the Coral North FLNG project offshore Mozambique.

Technip Energies, JGC and Samsung Heavy Industries have secured an EPCIC contract for the Coral North FLNG project offshore Mozambique.

The African Development Bank has approved a $150 million senior loan for Eni’s Coral Norte FLNG project in Mozambique’s Rovuma basin, part of an offshore LNG development costing over $7 billion and forecast to generate above $20 billion in government revenues.

TotalEnergies has rejected new allegations submitted to French prosecutors linking the company to alleged abuses by Mozambican forces in 2021, stressing that staff had evacuated the LNG site months earlier.

ExxonMobil CEO Darren Woods said the company is close to lifting the force majeure on its Rovuma LNG project in Mozambique and will move “fairly quickly” toward a final investment decision once the suspension ends.

Reuters reported that Exxon Mobil is looking to lift force majeure on its $30 billion Mozambique LNG project as security improves.

TotalEnergies CEO Patrick Pouyanné confirmed the Mozambique LNG project remains budgeted at $20.5 billion as work transitions toward construction.

TotalEnergies has lifted the four-year force majeure on its $20 billion Mozambique LNG project, with operations expected to start in 2029 pending government approval of an updated plan.

Samsung Heavy Industries is poised to secure a KRW 3.5 trillion offshore contract for Mozambique’s Coral Norte FLNG project, with Eni expected to issue a final investment decision soon.
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