ENERGY: Eni gets the go ahead to construct Mozambique FLNG3.4mtpa facility!

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The Italian company according to media report, has been given the go ahead to contruct and install a floating Liquefied natural gas facility in the country, offshore Mozambique.
The new facility will be It located 2000 meters deep and approximately 80km offshore  of the palma bay in the northern province of Cabo Delgado.


The CEO of Eni,  Claudio Descalzi,  was quoted to have said that the project will see "the installation of the first newly built floating LNG facility in Africa".

The  Council of Ministers, get the approval and this is also similar to the  first phase of development of 5 trillion cubic feet of gas in the Coral discovery made in May 2012.

Under the Area 4 development plan, the first one to be approved in the Rovuma Basin, apart from the FLNG facility, six subsea wells are expected to be drilled.


The discovery is estimated to contain around 16 trillion cubic feet (TCF) of gas in place.

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