Market Chatter: Eni to Build $7.2 Billion Floating LNG Plant in Mozambique
MT Newswires Live
Oct 02
Eni S.p.A (E) gave the go-ahead to build a $7.2 billion liquefied natural gas facility off of Mozambique's northern coastline, Bloomberg reported Thursday, citing a company statement.
The Coral Norte project will be able to produce 3.6 million tons of LNG annually, doubling Mozambique's fuel production, according to the report.
Eni did not immediately reply to a request for comment from MT Newswires.
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