{"id":6602,"date":"2017-12-07T09:18:08","date_gmt":"2017-12-07T09:18:08","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6602"},"modified":"2017-12-07T09:18:08","modified_gmt":"2017-12-07T09:18:08","slug":"eni-achieves-financial-close-coral-south-flng-mozambique","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/eni-achieves-financial-close-coral-south-flng-mozambique\/","title":{"rendered":"Eni achieves financial close for Coral South FLNG in Mozambique"},"content":{"rendered":"<p>Eni, together with its Area 4 Partners, have announced that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the following facilities:<\/p>\n<ul>\n<li>BPI Export Credit Agency Covered Loan<\/li>\n<li>KEXIM Export Credit Agency Covered Loan<\/li>\n<li>Ksure Export Credit Agency Covered Loan<\/li>\n<li>Sace Export Credit Agency Covered Loan<\/li>\n<li>Sinosure Export Credit Agency Covered Loan<\/li>\n<li>Commercial Bank Direct Loan<\/li>\n<li>KEXIM Direct Loan<\/li>\n<\/ul>\n<p>Coral South FLNG is the first project sanctioned by the Area 4 Partners for the development of the considerable gas resources discovered by Eni and its Partners in the Rovuma Basin offshore Mozambique. It targets the production and monetization of the gas contained in the southern part of the Coral gas reservoir, by means of a floating LNG plant with a capacity of 3.4 MTPA. A Sale and <a href=\"http:\/\/bit.ly\/2g1HZha\">Purchase Agreement<\/a>\u00a0was signed in 2016 for the sale of 100% of the LNG production to BP.<\/p>\n<p>Coral South FLNG is the first project sanctioned by the Area 4 Partners for the development of the considerable gas resources discovered by Eni and its Partners in the Rovuma Basin offshore Mozambique.<\/p>\n<p>Eni is the Operator of Area 4, holding a 50 percent indirect interest through its participation in Eni East Africa (EEA). In March 2017, Eni and ExxonMobil signed a Sale and Purchase Agreement to enable ExxonMobil to acquire a 25 percent interest in Area 4, through EEA. The remaining interests in Area 4 are held by CNODC (20%),\u00a0Empresa Nacional de Hidrocarbonetos E.P.\u00a0(ENH, 10%),\u00a0Kogas\u00a0(10%) and Galp Energia\u00a0(10%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eni, together with its Area 4 Partners, have announced that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/eni-achieves-financial-close-coral-south-flng-mozambique\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[183,6618,6617,6616,6584,766,860,901,4107,6619,3754,6620,1428,1636,2191,6621,6622],"class_list":["post-6602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-area-4","tag-bpi-export-credit-agency","tag-cnodc","tag-coral-south","tag-empresa-nacional-de-hidrocarbonetos-e-p","tag-enh","tag-exxonmobil","tag-flng","tag-galp-energia","tag-kexim-export-credit-agency","tag-kogas","tag-ksure-export-credit-agency","tag-lng","tag-mozambique","tag-rovuma-basin","tag-sace-export-credit-agency","tag-sinosure-export-credit-agency","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1Iu","jetpack-related-posts":[{"id":6616,"url":"https:\/\/www.oilnewskenya.com\/index.php\/exxonmobil-completes-lng-acquisition-eni-mozambique-area-4\/","url_meta":{"origin":6602,"position":0},"title":"ExxonMobil Completes LNG Acquisition From Eni in Mozambique Area 4","author":"","date":"December 13, 2017","format":false,"excerpt":"ExxonMobil\u00a0has announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique\u2019s gas-rich Area 4 block from Eni and assume responsibility for midstream operations. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12598,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-eyes-first-lng-export-this-week\/","url_meta":{"origin":6602,"position":1},"title":"Mozambique Eyes First LNG Export This Week","author":"","date":"August 24, 2022","format":false,"excerpt":"Three months after Mozambique started filling the Coral Sul FLNG from the Coral South project the country is yet to achieve its first liquid natural gas export with the arrival of the LNG tanker British Mentor later today. The tanker operated by bp is bound to the Eni operated Coral-Sul\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Coral-Sul-FLNG.jpg?fit=600%2C347&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8620,"url":"https:\/\/www.oilnewskenya.com\/index.php\/total-announces-the-signing-of-mozambique-lng-project-financing\/","url_meta":{"origin":6602,"position":2},"title":"Total Announces the Signing of Mozambique LNG Project Financing","author":"","date":"July 20, 2020","format":false,"excerpt":"Total has announced the signing of a 14.9 B$ senior debt financing agreement for Mozambique LNG the country\u2019s first onshore LNG development. It includes the development of the Golfinho and Atum natural gas fields located in Offshore Area 1 concession and the construction of a two-train liquefaction plant with a\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/Mozambique-Area-4.jpg?fit=500%2C372&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6028,"url":"https:\/\/www.oilnewskenya.com\/index.php\/technipfmc-awarded-contract-for-the-coral-south-flng-project-offshore-mozambique\/","url_meta":{"origin":6602,"position":3},"title":"TechnipFMC awarded contract for the Coral South FLNG project offshore Mozambique","author":"","date":"June 4, 2017","format":false,"excerpt":"TechnipFMC, together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers the Engineering, Procurement, Construction, Installation, Commissioning and Start-up (EPCIC) of the Coral South FLNG facility and its associated risers\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7991,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eni-launch-mozambiques-south-coral-flng-hull\/","url_meta":{"origin":6602,"position":4},"title":"ENI LAUNCH MOZAMBIQUE&#8217;S SOUTH CORAL FLNG HULL","author":"","date":"January 30, 2020","format":false,"excerpt":"Italian oil and gas company ENI, also a partner of the National Hydrocarbon Company, ENH, launched the hull of its Coral South FLNG unit at Samsung's Geoje shipyard in South Korea. Once completed, the FLNG unit will be deployed in the ENI reservoir in area 4 off the coast of\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/Coral-Sul-Hull-Launch-2.jpg?fit=874%2C874&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/Coral-Sul-Hull-Launch-2.jpg?fit=874%2C874&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/Coral-Sul-Hull-Launch-2.jpg?fit=874%2C874&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/Coral-Sul-Hull-Launch-2.jpg?fit=874%2C874&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6178,"url":"https:\/\/www.oilnewskenya.com\/index.php\/air-products-wins-contract-coral-for-mozambiques-south-floating-lng-project\/","url_meta":{"origin":6602,"position":5},"title":"Air Products Wins Contract for Mozambique&#8217;s Coral South Floating LNG Project","author":"","date":"August 2, 2017","format":false,"excerpt":"The world\u2019s leader in\u00a0liquefied natural gas\u00a0(LNG) technology and equipment Air Products has announced an agreement with TP JGC Coral France for the supply of its proprietary cryogenic coil wound heat exchanger technology and the liquefaction process license for a\u00a0floating liquefied natural gas\u00a0(FLNG) facility to be located in the Indian Ocean,\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/Area-4-coral-mamba-discoveries.png?fit=602%2C612&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=6602"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6602\/revisions"}],"predecessor-version":[{"id":6603,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6602\/revisions\/6603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4403"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}