Maputo. Through Eni East Africa, Eni and the Area 4 block in Mozambique, Galp, Kogas and ENH, have signed a binding agreement with BP Poseidon Ltd, a company that is entirely controlled by BP Plc, for the sale of LNG produced by the Coral South floating LNG Plant that will be installed off the coast of Mozambique. The agreement includes the sale, for a period of twenty years, of the total amount of LNG volumes produced by Coral South which has an annual capacity of more than 3.3 million tonnes of LNG. The signed agreement was approved by the Government of Mozambique and will remain subordinate to the final investment decision of the entire project expected in 2016. (9colonne)
