Project Overview and Strategic Significance
On October 2, 2025, Eni and its consortium partners approved the Final Investment Decision (FID) for the construction of Coral North, Mozambique’s second floating liquefied natural gas (FLNG) unit. The project, located offshore in the Rovuma Basin, represents a major step in consolidating Mozambique’s position as a top-tier African LNG exporter. Coral North will mirror the design of the successful Coral South FLNG, which began production in 2022, and is expected to double national LNG output to over seven million metric tons per year once fully operational.
Investment Scale and Economic Benefits
The Coral North project is projected to begin operations in 2028 and will mobilize an estimated US$ 23 billion in fiscal revenues over its lifespan, along with US$ 3 billion in local contracts for Mozambican suppliers. The venture will also generate hundreds of skilled jobs and support local enterprise development through capacity-building initiatives. By leveraging a floating platform design, the project reduces the need for onshore infrastructure and mitigates security risks linked to insurgent activity in Cabo Delgado, a factor that has delayed other gas megaprojects in the region.
Geopolitical and Energy Market Implications
Coral North underscores Mozambique’s strategy to diversify export routes and strengthen its global LNG footprint at a time when Europe and Asia are seeking reliable, non-Russian gas sources. The project also deepens the involvement of major international stakeholders—including Eni, CNPC, KOGAS, ENH, and ADNOC—reflecting strong foreign investor confidence in Mozambique’s offshore energy potential. With Coral North and Coral South combined, the country is poised to become one of the largest LNG exporters in the southern hemisphere, reinforcing Africa’s role in the evolving global energy landscape.