Final investment decision reached for Coral South FLNG project
07 December, 2017
Italian oil major Eni has achieved financial close for its Coral South FLNG project after securing project financing for a total amount of US$4.7bn (£3.5bn).
Coral South FLNG will be located in the Rovuma basin offshore Mozambique, and will have a total capacity of 3.4m tonnes per year of liquefied natural gas.
A Sale and Purchase Agreement was signed in 2016 for the sale of 100% of the LNG produced at Coral South to BP.
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