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Technip Energies has won an engineering, procurement, construction, installation and commissioning contract for the Coral Norte floating liquefied natural gas project offshore Mozambique, the French oil services firm said on Monday. Technip CEO Arnaud Pieton said the project would support faster deployment of LNG capacity and strengthen Mozambique's role in global gas supplies.
The French company is executing the contract with partners JGC and Samsung Heavy Industries for Mozambique Rovuma Venture, owned by Italian energy group Eni and its partners. This partnership brings together multiple international engineering firms to deliver the complex floating LNG project.
Eni together with China's CNPC, Mozambique's national energy company ENH, Abu Dhabi National Oil Company's XRG, and Korea Gas Corp reached the final investment decision to develop the Coral North FLNG project last year. The consortium represents a diverse international partnership spanning Europe, Asia, and Africa.
Technip said the award, together with previously announced contracts linked to the project, represents a major contract valued at more than €1 billion ($1.14 billion) in revenue. This significant contract value reflects the scale and complexity of the floating LNG facility.
Coral Norte will have capacity to produce about 3.6 million tons per annum of LNG, doubling the Coral hub's total capacity to 7 Mtpa. The expanded capacity will position Mozambique as a more significant player in the global liquefied natural gas market.
