Mozambique: ENI Plans to Channel Up to Three Billion Dollars for Local Companies

Maputo — The Italian Energy Company ENI, which exports liquefied natural gas (LNG) from the Coral Sul project, in the northern Mozambican province of Cabo Delgado, plans to channel up to three US billion dollars to local companies as part of the local content requirements.

ENI is already operating the Coral Sul LNG floating platform. The platform is anchored 50 kilometres from the coast of Palma district in Cabo Delgado. It is about 200 kilometres north of the Cabo Delgado provincial capital,…