http://info.afrindex.com
China-Africa Trade Information Service
http://info.afrindex.com
China-Africa Trade Information Service
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South Korea’s Samsung Heavy Industries (SHI) has signed a landmark $637 million deal to build a floating liquefied natural gas (FLNG) facility for a European client operating in Mozambique, reinforcing Africa’s rising profile in global energy markets.
The state-of-the-art Coral Norte FLNG platform, to be constructed offshore, will liquefy, store, and export natural gas directly at sea, eliminating the need for costly onshore infrastructure. The project builds on the success of Coral Sul FLNG — Mozambique’s first deepwater LNG facility — also developed by SHI in 2022 with Eni and CNPC.
Mozambique, which holds an estimated 100 trillion cubic feet of gas reserves, is becoming a key LNG hub for companies seeking to diversify energy sources amid geopolitical instability and growing demand for energy security.
Construction is expected to begin later this year, with delivery set for 2027. The deal boosts Samsung Heavy’s total orders for 2025 to over $3.3 billion and strengthens its $26.5 billion backlog.
The FLNG project offers Mozambique a vital step toward economic transformation, expanding gas exports and attracting investment— even as its $20 billion LNG mega-project led by TotalEnergies remains on hold. As global energy strategies shift, Samsung’s latest contract highlights not just technological expertise, but a broader pivot to offshore LNG as a more agile, resilient solution in an increasingly unpredictable world.North African art prints.
