SUBSCRIBE
PROFILE

Eni finalises contract for second FLNG unit at Rovuma worth $2.5bn

Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Italian company Eni is in advanced negotiations to finalise a contract for the construction of a second floating liquefied natural gas (FLNG) plant in the offshore Rovuma Basin, located in northern Mozambique. This infrastructure forms part of the Coral North field development, recently approved by local authorities, and represents a strategic investment amid strong global demand for liquefied natural gas (LNG).

A strategic contract for Samsung Heavy Industries

According to information reported on April 15 by Mozambican media citing sources close to the matter, South Korean engineering firm Samsung Heavy Industries is a leading contender for the contract, estimated at $2.5bn. This figure exceeds the company’s entire current order book, which was valued at $2.2bn at the beginning of April. Securing this contract would reinforce Samsung’s position in the FLNG market, where it already accounts for nearly half of the global operational units.

The project would also mark a resumption of collaboration between Eni and Samsung Heavy Industries, following their previous joint venture on the Coral Sul floating unit. Commissioned in 2022, Coral Sul has been operational for three years in the same area, where Eni already holds several exploration and production rights.

Expanding Mozambique’s gas production capacity

The Coral North project complements ongoing gas infrastructure developments in Mozambique, a country aiming to become a key player in the global LNG supply chain. This second FLNG unit would support the swift monetisation of the nation’s offshore resources while diversifying export routes and meeting growing gas demand in Asia and Europe.

The Rovuma Basin is now considered one of the region’s most promising reserves, with significant confirmed volumes. Eni, a major operator in this zone, continues to pursue an expansion strategy focused on modular, flexible units aligned with the logistical and technical demands of offshore LNG markets.

  • Popular on energynews.pro
Alkagesta opens biofuels trading desk in Geneva to strengthen its investments
Global natural gas power generation market to reach $122.49bn by 2030
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
Mars invests in 100 solar projects in Poland with GoldenPeaks Capital
Tenaz Energy acquires strategic North Sea gas assets for $339mn
Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.
Sembcorp secures new 10-year contract for its Salalah power plant
Sembcorp Salalah Power & Water Company has obtained a new 10-year Power and Water Purchase Agreement from Nama Power and Water Procurement Company, ensuring operational continuity until 2037.
Eni resumes offshore drilling in Libya after five-year suspension
Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
GOIL commits $50mn to expand LPG storage capacity in Ghana
GOIL is investing $50mn to expand its LPG storage capacity in response to sustained demand growth and to improve national supply security.
QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block
QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
Ukrainian suspected in Nord Stream sabotage faces possible extradition
Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.
Shizuoka Gas closes tender for seven-year LNG contract starting 2027
The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
Baker Hughes to supply key liquefaction equipment for Port Arthur LNG Phase 2
Baker Hughes has secured a contract from Bechtel to provide gas turbines and compressors for the second phase of Sempra Infrastructure’s LNG export project in Texas.
Targa invests $1.6bn in NGL pipeline between Permian and Mont Belvieu
Targa Resources will build a 500,000 barrels-per-day pipeline in the Permian Basin to connect its assets to Mont Belvieu, strengthening its logistics network with commissioning scheduled for the third quarter of 2027.
J&F Investimentos targets EDF’s thermal plant amid Brazil’s booming energy M&A
Brazilian holding J&F Investimentos is in talks to acquire EDF’s Norte Fluminense thermal plant, valued up to BRL2bn ($374 million), as energy-related M&A activity surges across the country.
Chevron puts Colorado pipeline assets up for sale for more than $2 billion
Chevron has appointed Bank of America to manage the sale of pipeline infrastructure in the Denver-Julesburg basin, targeting a valuation of over $2 billion, according to sources familiar with the matter.
Hungary secures 10-year LNG contract with Engie through 2038
Hungary has signed a ten-year agreement with Engie for the annual import of 400 mn m³ of liquefied natural gas starting in 2028, reinforcing its energy diversification strategy despite its ongoing reliance on Russian gas.
Ukrainian suspected in Nord Stream sabotage held in Poland
Wanted by Germany for his alleged role in the 2022 sabotage of the Nord Stream pipelines, a Ukrainian has been arrested in Poland and placed in provisional detention pending possible extradition.
Russia strikes 95 targets and severely damages Ukrainian gas sites
An unprecedented overnight offensive targeted gas infrastructure in Ukraine, damaging several key facilities in the Kharkiv and Poltava regions, according to Ukrainian authorities.
Fluxys declares force majeure at Dunkirk, disrupting LNG deliveries
The Dunkirk LNG terminal, the second largest in continental Europe, is seeing reduced capacity due to a nationwide strike disrupting all French LNG infrastructure.
Russia targets 56 mn tonnes of LNG annually by 2027 despite 2024 decline
Russia’s liquefied natural gas output will increase steadily through 2027 under the national energy development plan, despite a 6% drop recorded in the first eight months of 2024.
QatarEnergy seals major helium export deal with Germany’s Messer
QatarEnergy has signed a long-term contract with Messer to supply 100 million cubic feet of helium per year, strengthening Doha’s position as a key player in this strategic market.
KKR strengthens Middle East presence with stake in ADNOC gas pipelines
US-based fund KKR has acquired a minority interest in the gas pipeline assets of Abu Dhabi oil operator ADNOC, continuing its strategy to expand energy infrastructure investments in the Middle East.
Shell starts production at Victory gas field in the North Sea
Shell UK has started production at the Victory field north of Shetland, integrating its volumes into the national gas network through existing infrastructure to strengthen UK supply.