Mozambique President, Eni chief discuss Coral South Project

The progress of Mozambique's Coral South Project drove exchanges as Daniel Francisco Chapo, the President of the Republic of Mozambique, and Claudio Descalzi, Eni's chief executive officer, met in Maputo to discuss the company's ongoing and future activities in the country

The Coral South Project has contributed to 50% of Mozambique’s GDP growth in 2023 and is projected to represent 70% of GDP growth in 2024 according to the International Monetary Fund, and the recently approved Plan of Development by the Government of Mozambique, for the implementation of the Coral North FLNG project, that will enable the expansion of LNG production from the Coral reservoir in Area 4 of the Rovuma Basin.

The meeting also highlighted Eni’s strategy to diversify its activities in Mozambique, as part of its broader commitment to the country’s energy transition. 

Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, in the Coral, Mamba Complex and Agulha reservoirs, with around 2,400 billion cubic meters of gas in place.