Technip Energies Lands €1B+ Coral Norte FLNG Contract in Mozambique
Event summary
- Technip Energies, with JGC and Samsung Heavy Industries, won an EPCIC contract for the Coral Norte FLNG project in Mozambique, valued above €1 billion.
- The project, developed by Eni and partners, will produce 3.6 Mtpa of LNG, doubling Mozambique’s Coral hub capacity to 7 Mtpa.
- Coral Norte replicates the Coral Sul design, leveraging shared feed gas composition and deepwater location to optimize execution and performance.
- The contract was recorded in Q2 2026 under Technip Energies’ Project Delivery segment.
The big picture
This contract reinforces Technip Energies’ leadership in FLNG projects, aligning with the global push for energy security and diversification. Mozambique’s rise as a top LNG producer highlights the strategic importance of offshore gas developments in Africa. The €1B+ deal underscores the company’s ability to secure large-scale, high-value contracts in a competitive market.
What we're watching
- Execution Risk
- Whether Technip Energies can replicate Coral Sul’s success with Coral Norte, given the standardized approach.
- Market Positioning
- How this contract solidifies Technip Energies’ role in Africa’s growing LNG market.
- Scalability
- The pace at which Technip Energies can deploy similar FLNG projects globally.