Mozambique’s National Hydrocarbons Co. (ENH) said on Nov. 23 it had approved its investment plan for the Coral South gas project, offshore Mozambique, being led by Italian energy company Eni.
Eni’s board backed its investment plan last week.
Once all partners do the same, the participants can take a final investment decision and arrange financing for the LNG, part of a larger scheme that will require an estimated $50 billion to develop.
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