Coral South FLNG

From Global Energy Monitor

CoalSouth FLNG is a floating LNG unit is Area Four of the Rovuma Basin, off the coast of Mozambique.[1] The plan for the development has been approved and it is the first project in the Rovuma basin environmental license.

Reserves and CO2 Emissions

3.4 million tons per year. Phase 1 will develop 5 trillion cubic feet of gas, at a cost of $8 billion.[2]


Strategic Significance

As Africa's first floating LNG unit, Coral South may open the door to a mode of development that is currently to found on the continent. It will also be the world first ultra-deepwater FLNG (2,000 meters). Again, this makes the project a path breaker that could lead to more deepwater gas drilling.[1]

Other companies are waiting in the wings, including ExxonMobil, which was awarded a concession for exploration and production of four offshore blocks in 2015, but which has not begun exploration as of 2017.[3]

Companies Involved

Eni, ENI East Africa (EEA), Galp Energia, KOGAS, Empresa Nactional de Hidrocarbonetos (ENH)

Potential ESG Risks

Corruption

Labour Rights

Indigenous Rights

NGO's Involved

Local Opposition

Status of Project

Infrastructure

Domestic Political Situation

Project Economics

Tax Revenues

International Dynamics

Financing

Articles and resources

References

  1. 1.0 1.1 "LR supports Coral South FLNG project in Mozambique," Lloyds Register, 25 June 2018
  2. "Coral Field, Area 4, Rovuma Basin," Offshore Technology, accessed 8/18
  3. Mozambique Oil & Gas, Export.gov, 6/17/17

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External resources

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