Asian LNG Demand Growth Makes US, Canada Producers Go the Distance in Transport Costs
DNV estimates that gas will be the world’s primary energy source by the mid-2020s. Growth in LNG capacity is expected as the midstream sector invests in connecting shifting sources of gas with changing demand centers. Other factors also will drive the globalization of gas trading markets.
Eni Cuts First Steel for Coral South FLNG Vessel Hull
The ceremonial event took place at Geoje Island, South Korea. Startup of LNG production in offshore Mozambique’s Area 4 is expected in 2022.
ExxonMobil Completes LNG Acquisition in Mozambique Area 4
ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities and assume midstream operations in Mozambique’s Area 4. Eni will continue to lead the Coral floating LNG project and all upstream operations.
More Contracts Awarded for Mozambique’s Coral South FLNG Project
Air Products, BHGE, Norsafe, and Sofec won contracts for Eni’s Coral South FLNG project in Mozambique.
Eni Finalizes Mozambique FLNG Investment, Contract Rollouts Begin
Eni finalized a USD 7-billion investment in the Coral South FLNG project, the first offshore development in Mozambique. Service and equipment providers are announcing their awarded contracts.
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