The Coral South FLNG is the first LNG Project
Coral South was the first project approved by our Area 4 partners for developing gas resources discovered in the Rovuma Basin, off Mozambique’s coast. The project involves producing and selling gas from the southern part of the Coral field, using a floating plant for liquefying natural gas (LNG) with a capacity of 3.4 million tonnes. In 2016, we signed an agreement to sell 100 per cent of LNG production to British Petroleum (BP), and on 1 June 2017, we embarked on the start-up phase of the project, just three years after drilling the last test well. The liquefied gas is sold by us and other Area 4 concessionaires (including CNPC, Galp, Kogas, the Mozambican state company ENH and Exxon Mobil through its operator Mozambique Rovuma Venture S.p.A.) to BP, under a 20-year contract with an optional 10-year extension.