Italian energy giant Eni is set to sign a final investment decision (FID) for Mozambique’s $7.2 billion Coral Norte floating liquefied natural gas (FLNG) project.
Local sources familiar with the matter confirmed the decision will be made at a ceremony in Maputo on Thursday, 2 October 2025, marking a significant milestone in Mozambique’s ambitions to become a global LNG powerhouse.
The Coral Norte platform, once operational, will produce 3.5 million metric tonnes of LNG annually, effectively doubling the country’s current offshore output from the Rovuma Basin.
Mozambique’s government approved the development plan for Coral Norte in April, paving the way for Eni’s commitment.
The signing event is expected to be attended by Eni’s Chief Executive Officer Claudio Descalzi and Mozambique’s President Daniel Chapo.
Coral Norte will follow in the footsteps of Coral Sul, Eni’s first FLNG facility, which began exporting gas in 2022.
“The Coral Norte project builds on the achievements of Coral Sul and confirms our long term commitment to the sustainable development of Mozambique’s natural gas resources,” an Eni worker said in April.
Both platforms tap into the same vast reservoir estimated to hold up to 500 billion cubic metres of natural gas.
Coral Norte forges on
Unlike onshore LNG projects in northern Mozambique, such as those led by TotalEnergies and ExxonMobil, which have faced delays due to militant activity, Eni’s offshore operations have remained unaffected.
This has allowed the Italian company to maintain momentum in its deepwater developments.
Last month, a consortium of contractors (comprising Samsung Heavy Industries, JGC and Technip Energies) handling the engineering, procurement and construction (EPC) phase launched a tender for module work on the project.
The goal was to seek qualified firms that will take up the design, fabrication, integration, and installation of large, pre-assembled critical topside systems for the construction.
Construction of Coral Norte is scheduled to begin in October, with production expected to commence in the second quarter of 2028.
The facility will be fed by six subsea wells and is designed to operate for at least 30 years.
Since joining the list of gas-producing countries, Mozambique has continued to take bold steps to reinforce its role in the energy transition and diversify global energy supply chains.
Currently, the country is set to inaugurate its first liquefied petroleum gas (LPG) processing and production facility in November,
The $1 billion gas project is expected to produce 30,000 tons of cooking gas annually, which the government hopes will help reduce LPG imports by up to 70%.
