Italian energy giant Eni is considering deploying a third Floating Liquefied Natural Gas (FLNG) platform offshore Mozambique, in what would be a landmark expansion that could transform the southern African nation into one of the world’s premier LNG exporters.
Eni took a final investment decision on its second platform, Coral North, in October last year. That facility is set to double Mozambique’s LNG output to over seven million tonnes per annum once operational in 2028. A company spokesperson confirmed to Reuters that the Rovuma Basin holds significant gas reserves creating opportunities for new developments.
“In this context, Eni is currently assessing the possibility of advancing with a third project based on the FLNG technology,” the spokesperson said, confirming a report by Portuguese news agency Lusa. The coastal Rovuma Basin, near the border of Tanzania and Mozambique, holds between 160 trillion and 200 trillion cubic feet of natural gas — one of the largest reserves globally that is only just beginning to be developed.
Mozambique’s vast gas reserves have also attracted oil majors TotalEnergies and ExxonMobil, which are developing separate on-land LNG projects drawing from Rovuma Basin fields, signalling a major international race to unlock the region’s hydrocarbon potential.
Source: oedigital.com; bairdmaritime.com