Technip Energies Wins 1 Billion Euro Mozambique Contract
Technip Energies and its partners have secured a major contract for the Coral Norte floating LNG project offshore Mozambique. The deal with Mozambique Rovuma Venture aims to double the hub capacity to 7 million tons per annum by adding a second production unit.
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TECHNIP ENERGIES NV secured a contract exceeding €1 billion ($1.14 billion) to develop the Coral Norte floating liquefied natural gas project offshore Mozambique. The project doubles the Coral hub's total capacity to 7 million tons per annum. This expansion strengthens the role of Mozambique in global energy supplies as buyers seek diversified sources.
