Technip Energies Secures Contract for FLNG Coral Norte in Mozambique
Technip Energies, in partnership with JGC and Samsung Heavy Industries, has secured a contract from Mozambique Rovuma Venture to continue work on the Coral Norte floating liquefied natural gas project, located off the coast of Mozambique.
The contract was awarded to Technip Energies in partnership with JGC and Samsung Heavy Industries by Mozambique Rovuma Venture (MRV), a joint venture including participation from Eni. This contract builds on a previous announcement for preliminary work and involves continuing the development of the Coral Norte floating liquefied natural gas (FLNG) project, situated off the coast of Mozambique. The Coral Norte project marks the deployment of the country's second floating liquefied natural gas facility.
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The hull launch took place on January 16, 2026, in Geoje, South Korea. Coral Norte is designed as an improved replica of the Coral Sul project, utilizing the same gas composition and field location. By capitalizing on this proven design and incorporating lessons learned, Coral Norte will benefit from de-risked project execution, increased efficiency, enhanced LNG production capacity, and optimized performance.
Project Delivery and Partnership
Loïc Chapuis, President of Project Delivery & Services at Technip Energies, stated that this contract demonstrates the company's ability to replicate proven solutions with rigor and reliability. Alongside JGC and Samsung Heavy Industries, this contract strengthens the long-term partnership with Eni and its Area 4 partners, confirming Technip Energies' leadership in delivering innovative and complex LNG solutions.
SectorEnergie · Pétrole et gaz›équipements et services pétroliers
Context
Period
Period: 9M 2025
Guidance from the release
Technip Energies (T.EN) a réalisé une performance financière solide sur les neuf premiers mois de 2025.
Chiffre d’affaires +9 % (5 417,1 millions €), EBITDA récurrent +9 % (478,0 millions €), forte génération de trésorerie, acquisition AM&C annoncée, contrat majeur Commonwealth LNG remporté mais conditionné à la FID ; prévisions 2025 confirmées.
Risks mentioned
Dépendance à la décision finale d’investissement (FID) pour l’intégration de certains contrats majeurs (ex. Commonwealth LNG)
Impact des variations de change (effet de change négatif sur carnet de commandes : (797) millions d’euros)
Risques liés à l’autorisation réglementaire et à la finalisation de l’acquisition AM&C
Rééquilibrage du portefeuille projet entraînant une pression sur les marges (plus de projets en phase initiale)
Opportunities identified
Croissance du GNL et solutions modulaires (SnapLNG)
Décarbonation et carburants durables
Renforcement du segment TPS via l’acquisition AM&C (revenus récurrents supplémentaires)
Projets d’économie circulaire et de recyclage chimique (Plas-TCat, Ecoplanta)
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