Connection

popular articles

BYD: Half-year profit up 24.4% despite price war
Bolivia: YPFB seeks funding to revitalize the oil and gas sector
ExxonMobil launches Hammerhead Oil Project in Guyana
India: Petronet LNG adopts Novolen technology to boost production
Engie and Macquarie join forces to extend Mexico’s Mayakan gas pipeline

Coral South: first LNG cargo

Coral South has just exported its first cargo of liquefied natural gas valued at $8 billion, ExxonMobil announced.

Please share:

Coral South has just exported its first cargo of liquefied natural gas valued at $8 billion, ExxonMobil announced.

First shipment of LNG

Coral South produced its first volumes of LNG in early October following the timely start-up of the FLNG. The site is expected to produce 450 billion cubic meters of natural gas from the Coral reservoir in the Rovuma Basin of Mozambique. In addition, the site has the capacity to liquefy 3.4 million tons of gas for transportation each year.

Peter Clarke, head of ExxonMobil’s LNG business, says:

“The Coral South project will bring significant long-term economic value to the people of Mozambique. Today’s first cargo milestone is a testament to the hard work, continued investment and successful execution of our integrated consortium team. Mozambique joins the ranks of global LNG producers and is contributing to global LNG supply at a time when the world needs it most.”

Low-emission LNG is playing an increasingly important role in ExxonMobil’s portfolio. The company plans to double its LNG offerings by 2030.

An industrial cooperation

Eni, the upstream delegated operator of the Area 4 consortium, operates Coral South. The consortium includes Eni, ExxonMobil, CNPC, Galp, Kogas and ENH. Mozambique Rovuma Venture SpA (MRV) operates Zone 4.

Mozambique Rovuma Venture SpA (MRV) holds a 70% interest in the Zone 4 exploration and production concession contract. Galp and KOGAS each hold a 10% stake. Empresa Nacional de Hidrocarbonetos EP also holds a 10% stake.

Register free of charge for uninterrupted access.

Publicite

Latest news

North Macedonia: A Strategic Partnership with SOCAR for Energy Security
Strategic Partnership Between SEFE and Eletrobras for Green Hydrogen Supply
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Six new countries commit to tripling global nuclear production by 2050
Towards Methane Regulation Convergence: U.S. and European Union Collaborate

Recently published in

North Macedonia: A Strategic Partnership with SOCAR for Energy Security

North Macedonia strengthens its energy security with an agreement with SOCAR, aiming at the diversification of natural gas supplies and innovative projects like gas cogeneration.
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540

ADNOC Gas posts increased profits and adopts an ambitious new strategy

With a net profit of $1.24 billion in Q3 2024, ADNOC Gas surpasses expectations and announces a growth strategy targeting a 40% increase in EBITDA by 2029, supported by $15 billion in investments.
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540

Norwegian Gas Exports to Northwest Europe Rebound in October

After a slowdown in September due to maintenance, Norwegian gas exports to Northwest Europe reached 9.56 billion m³ in October, reflecting a market still vulnerable according to Equinor.
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540

Norwegian Gas Exports to Europe Rebound in October, but the Market Remains Vulnerable

After a drop due to maintenance in September, Norwegian gas exports to Northwest Europe increased by 49% in October, a sign of sustained demand despite an uncertain market.
Guyana and Suriname: A New Competitive Source of LNG for the 2030s
Thanks to significant gas projects, Guyana and Suriname could supply up to 12 million tonnes of LNG per year by the next decade, offering a competitive alternative in the global market.
en_1140317540
Guyana and Suriname: A New Competitive Source of LNG for the 2030s
Thanks to significant gas projects, Guyana and Suriname could supply up to 12 million tonnes of LNG per year by the next decade, offering a competitive alternative in the global market.
en_1140317540
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540

Senegal: Investment Decision Anticipated for the Yakaar-Teranga Gas Project in 2025

Senegal is poised for an energy milestone with the final investment decision (FID) for the Yakaar-Teranga gas project expected in the first quarter of 2025.
The Biden Administration Challenges Order to Resume LNG Export Permits
The White House calls on an appeals court to suspend the obligation to lift the moratorium on liquefied natural gas (LNG) export permits imposed by a Louisiana court.
en_1140265540
The Biden Administration Challenges Order to Resume LNG Export Permits
The White House calls on an appeals court to suspend the obligation to lift the moratorium on liquefied natural gas (LNG) export permits imposed by a Louisiana court.
en_1140265540
Sonatrach signs a historic agreement to supply natural gas to the Czech Republic
Algeria strengthens its position in the European energy market with a new agreement between Sonatrach and ČEZ Distribuce for the supply of natural gas, meeting the Czech Republic's growing demand for energy diversification.
en_1140238540
Sonatrach signs a historic agreement to supply natural gas to the Czech Republic
Algeria strengthens its position in the European energy market with a new agreement between Sonatrach and ČEZ Distribuce for the supply of natural gas, meeting the Czech Republic's growing demand for energy diversification.
en_1140238540
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
en_1140245540
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
en_1140245540

Gas consumption in Germany falls for the second consecutive year

Gas consumption in Germany falls for the second consecutive year
EUs Energy Security Strengthened: Gas Storage Surpasses Targets Before Winter
EU’s Energy Security Strengthened: Gas Storage Surpasses Targets Before Winter
en_1140231540
EUs Energy Security Strengthened: Gas Storage Surpasses Targets Before Winter
EU’s Energy Security Strengthened: Gas Storage Surpasses Targets Before Winter
en_1140231540
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
en_1140216540
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
The EU Invests in a New Gas Corridor to Secure LNG Supply from the U.S.
en_1140216540
East Mediterranean LNG Prices Decline Amid Weak European Demand
Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.
en_1140173540
East Mediterranean LNG Prices Decline Amid Weak European Demand
Liquefied natural gas (LNG) prices in the Eastern Mediterranean are falling, impacted by weak European demand and reduced shipping costs while gas reserves remain high.
en_1140173540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS