Eni is advancing the Coral North gas development in Mozambican offshore waters, building on the production model established by the Coral South floating LNG facility. Coral North represents the next phase of gas monetisation from the Coral field complex in Area 4, where Eni operates alongside its co-venturers. The project is designed to produce and liquefy natural gas from the Coral North reservoir, adding production capacity to the existing Coral South FLNG infrastructure or through a comparable floating solution, depending on the development concept selected.
The Coral South FLNG vessel, which reached first LNG cargo in 2022, demonstrated that deepwater Mozambican gas could be commercialised through a floating liquefaction model despite the security and logistics challenges that have constrained onshore LNG development in the Cabo Delgado region. Coral North is intended to replicate and extend that approach, underpinning Eni's long-term commitment to Mozambique as a major gas supply corridor for European and Asian buyers seeking diversification away from Russian pipeline gas.
The broader Rovuma Basin context is significant. While TotalEnergies' onshore Mozambique LNG project at Afungi remains under force majeure following the 2021 insurgency, the offshore floating model has continued to operate and attract investment. Coral North signals that the Area 4 joint venture regards the offshore development pathway as commercially viable and technically proven, even as onshore infrastructure remains constrained by the security environment in northern Mozambique.
For the Mozambican government and state company ENH, Coral North is a priority revenue project. Gas sales from the Coral complex are underpinned by long-term offtake agreements, and further development of the northern Mozambican gas resource base supports the country's ambitions to become one of Africa's principal LNG exporters over the coming decade. Eni has signalled that progressing Coral North is a core element of its African upstream growth strategy, with the project expected to move through engineering and financing stages in the near to medium term. No final investment decision date has been publicly confirmed in the available material.
It should be noted that the source article provides limited technical and commercial detail beyond identifying Coral North as a gas production development in Mozambican offshore waters under Eni's stewardship. Project specifics — including reservoir volumes, water depth classification, FLNG vessel configuration, and financing structure — are not confirmed from this source and should be monitored as the project progresses toward sanction.