Technip Energies (PARIS: TE) secured an Engineering, Procurement, Construction, Installation & Commissioning contract from Mozambique Rovuma Venture for the Coral Norte floating LNG project, the company announced. The contract, awarded in partnership with JGC and Samsung Heavy Industries, represents a major award exceeding €1 billion in revenue for Technip Energies when combined with previously announced agreements.

The Coral Norte Floating Liquefied Natural Gas project, located offshore Mozambique, is being developed by Eni and its partners CNPC, ENH, XRG, and KOGAS. The facility is designed to produce approximately 3.6 million tons per annum of LNG, which will double the Coral hub's capacity to 7 million tons per annum.

Coral Norte is designed as an enhanced replica of Coral Sul, the first development in Mozambique's Area 4 offshore gas block. The replication approach uses the projects' common feed gas composition and deepwater location to enhance execution certainty and optimize performance while incorporating engineering lessons from the earlier development.

"The Coral Norte project reflects the confidence of ENI and its partners in our FLNG execution capabilities and in the performance in operations of the Coral South FLNG," said Arnaud Pieton, Chief Executive Officer of Technip Energies. "By leveraging our 'design one, build many' approach, we are demonstrating how a standardized model can accelerate large-scale offshore project delivery."

The contract was recorded in the second quarter of 2026 in Technip Energies' Project Delivery segment. The expansion is expected to position Mozambique among Africa's top three LNG producers.