Technip Energies Secures Coral Norte FLNG Contract in Mozambique

GlobeNewswire Inc.GlobeNewswire Inc.
|||1 min read
Key Takeaway

Technip Energies wins major contract for Coral Norte FLNG project in Mozambique alongside JGC and Samsung Heavy Industries, with hull launch scheduled for January 2026.

Technip Energies Secures Coral Norte FLNG Contract in Mozambique

Technip Energies has been awarded a major contract by Mozambique Rovuma Venture for the Coral Norte floating liquefied natural gas (FLNG) project located offshore Mozambique. The engineering, procurement, and construction services will be delivered through a consortium including JGC Corporation and Samsung Heavy Industries, positioning the three firms as key players in the development of the nation's second FLNG facility.

The Coral Norte project is designed as an enhanced iteration of the Coral Sul FLNG facility, which has established operational precedent for the region. According to the project timeline, the hull launch is scheduled for January 2026, marking a significant milestone in the development phase. The project underscores continued investment in Mozambique's LNG infrastructure and represents a substantial commitment to expanding the country's liquefied gas production capacity.

This contract award reflects growing activity in subsea energy development and demonstrates the strategic importance of floating LNG technology for resource-rich nations seeking to monetize offshore gas reserves. The consortium's involvement signals confidence in the technical approach and operational framework established by the Coral Sul project, which serves as the foundation for Coral Norte's design and execution strategy.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 24

Related Coverage

Benzinga

EnerCom's 31st Energy Conference Draws 70+ Companies Amid Energy Transition Shift

EnerCom announces 70+ companies presenting at its 31st annual Energy Investment Conference in Denver, August 2026, attracting 1,000+ institutional investors and professionals.

SMBPE
GlobeNewswire Inc.

Technip Energies Launches €150M Share Buy-Back Through 2026

Technip Energies launches €150M share buy-back program through 2026, targeting 5M shares with €120M for cancellation and €30M for compensation obligations.

THNPY
GlobeNewswire Inc.

Technip Energies Launches €150M Buyback, Signaling Capital Confidence

Technip Energies approved €150M buyback through December 2026, allocating €120M for share cancellation and €30M for employee programs, targeting 5M shares.

THNPY
Benzinga

BP Surges on Angola LNG Expansion: New Gas Project Signals Upstream Growth

BP shares gain momentum as Angola's Azule Energy joint venture commences gas production, targeting 330 million cubic feet daily by 2026.

BPE
GlobeNewswire Inc.

KBR Lands 7-Year SATORP Maintenance Contract, Deepening Saudi Arabia Footprint

KBR secures seven-year general maintenance contract from Saudi Aramco-Total joint venture for Jubail petrochemical complex, with optional three-year extension.

KBR
Benzinga

Amentum Lands $112M EU Nuclear Cleanup Contract Across Four Nations

Amentum wins $112M EU nuclear decommissioning contract spanning Italy, Germany, Belgium, Netherlands with two-year initial term plus potential six-year extensions.

RWJAMTMIJS