Italian company Eni is looking to build a second floating liquified natural gas (LNG) platform in Mozambique to tap the abundant gas reserves in the Rovuma Basin, reported Reuters, citing an executive.

Currently, Eni operates the Coral Sul floating LNG project off the Mozambique coast.

The other partners in the project, which started production in 2022, include Exxon Mobil, Galp Energia, China National Petroleum Corporation and Korea Gas.

Eni Rovuma Basin general director Giorgio Vicini was cited by the news agency as saying at a mining and energy conference in Mozambique that the company has seen an opportunity to develop another floating LNG platform in the country that would replicate the Coral Sul project.

Vicini said: “To do this, we have to act quickly, there are proven reserves, proven technology, a history of delivery achieved with Coral Sul and the (Mozambican) government has already demonstrated its commitment to supporting future developments.”

Vicini noted that the gas reserves in Mozambique could contribute to energy security in Europe.

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“The export of liquefied natural gas takes place at a time when the energy paradigm in the world is changing towards a more sustainable and low-carbon future, and Mozambique represents a unique opportunity and will play a strategic role in satisfying the world’s energy needs,” Vicini added.

The Coral Sul FLNG is expected to produce 450 billion cubic metres of natural gas from the Coral reservoir in the Rovuma Basin. It is expected to liquify 3.4 million metric tonnes of that gas annually for transport.