Eni and Partners Approve Second FLNG Project in Mozambique
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 06 2025
0mins
Source: NASDAQ.COM
Eni's Coral North Project: Eni S.p.A has made a final investment decision to advance the Coral North floating liquefied natural gas (FLNG) platform in Mozambique, in partnership with China National Petroleum Company and Korea Gas, among others. This project aims to extract gas from the Rovuma Basin and is expected to enhance Mozambique's LNG production capacity significantly.
Economic Impact and Timeline: The Coral North project is anticipated to contribute to global energy security and boost Mozambique's economic growth, with a targeted completion date of 2028. The project will leverage Eni's experience from the Coral South facility, which has been operational since 2022, to optimize costs and reduce risks.
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Analyst Views on ENB
Wall Street analysts forecast ENB stock price to rise
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 51.840
Low
45.79
Averages
53.54
High
69.00
Current: 51.840
Low
45.79
Averages
53.54
High
69.00
About ENB
Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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