en.Wedoany.com Reported - JGC Corporation, Technip Energies, and Samsung Heavy Industries have announced the final award of the engineering, procurement, construction, installation, and commissioning (EPCIC) contract for the Coral Norte floating liquefied natural gas (FLNG) project in Mozambique. The three contractors confirmed the news in separate statements on Monday.
The joint venture had previously awarded the relevant contract to the three companies. Eni holds a 50% operating stake in the joint venture, with other partners including China National Petroleum Corporation (CNPC, 20%), Korea Gas Corporation (Kogas, 10%), Mozambique's National Oil Company (ENH, 10%), and XRG, a subsidiary of Abu Dhabi National Oil Company (Adnoc, 10%). Last year, Eni and its partners made a final investment decision on the project, valued at over $7 billion.
Under the EPCIC contract division, JGC France, a subsidiary of JGC, and Technip Energies, through their joint venture, are primarily responsible for the engineering design and procurement of the FLNG topsides, as well as overall project management. Samsung Heavy Industries is responsible for the engineering, procurement, and construction of the FLNG hull and topside module fabrication. JGC stated its contract share exceeds $1 billion, while Technip Energies said its share exceeds €1 billion (approximately $1.15 billion). In a stock exchange filing, Samsung Heavy Industries said it received an order for an offshore production facility from an African shipowner, with delivery scheduled before September 2029. The shipbuilder valued the contract at $2.39 billion, including previously announced preliminary engineering costs of $1.14 billion. The total contract value for the three companies thus exceeds $4.54 billion.
Building on the successful startup of Coral South FLNG in 2022, the Coral Norte FLNG project will develop, construct, and operate a floating liquefied natural gas facility with an annual capacity of 3.55 million tons, located approximately 55 kilometers off the coast of Cabo Delgado Province in northern Mozambique. In January this year, Samsung Heavy Industries completed the hull launch of the FLNG. The FLNG measures 432 meters in length and 66 meters in width, with a launch weight of 123,000 tons. With a liquefaction capacity of 3.6 million tons per year, Coral Norte will double Mozambique's total LNG production to 7 million tons per year.
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