MILAN, Italy – In its annual report, Eni said it anticipates reaching a final investment decision (FID) regarding its potential offshore Mozambique FLNG project in the second half of this year.
The company said until then it will work to finalize gas contracts and production licenses leading to the FID.
Eni said the award of the relevant engineering, procurement, construction, installation, and commissioning contracts for the FLNG unit is expected by the end of 2015.
Production start-up is expected for the end of 2019.
The gas discovery, which Eni has said is “the greatest discovery in its exploration history” with a 2.5 tcm (88.3 tcf) potential, is in Mozambique’s Rovuma basin.