Mozambique is set to officially launch the $7.2 billion Coral Norte liquefied natural gas (LNG) project in October, a major step in the country’s bid to become a global energy powerhouse.
The announcement was made by President Daniel Chapo on Monday during the Global Energy Alliance meeting in New York, held on the sidelines of the 80th United Nations General Assembly.
“Construction of the project would begin in October,” President Chapo confirmed, highlighting its strategic importance to Mozambique’s energy future.
Led by Italian energy giant Eni, Coral Norte represents the country’s second floating liquefied natural gas (FLNG) development and is expected to produce 3.55 million tonnes of LNG annually for the next 30 years.
The project follows the government’s earlier approval of Eni’s development plan and builds on the success of Coral Sul, Mozambique’s first FLNG facility, which began exporting LNG in 2022. Coral Norte will follow a similar model, sourcing gas from the same reservoir, which holds an estimated 450 to 500 billion cubic metres.
The new facility will be supplied by six subsea wells and is scheduled to begin production in the second quarter of 2028.
Mozambique’s offshore LNG sector has continued to gain momentum, even as some onshore developments have faced significant delays. TotalEnergies’ $20 billion Golfinho and Atum project in Zone 1 remains suspended under force majeure due to ongoing militant activity on the Afungi Peninsula.
Despite these challenges, the Coral Norte initiative signals growing international confidence in Mozambique’s LNG potential. It also strengthens the country’s role in the global energy landscape, as demand for cleaner energy sources continues to rise.
The launch of Coral Norte is expected to accelerate economic growth, boost energy exports, and cement Mozambique’s position as one of Africa’s leading natural gas producers in the decades to come.
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