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.
SectorConstruction et infrastructures›Ingénierie / construction spécialisée
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 3 825 millions d'euros
Quarterly revenue: 3 825 millions d'euros
EBITDA: 158,8 millions d'euros
EBITDA margin: 5,8 %
Net income: 96,6 millions d'euros
Free cash flow: 21,8 millions d'euros
-3 423 millions d'euros
Guidance from the release
nous réduisons les prévisions financières de marge de Livraison de projet
Outlook / guidance
Expected revenue: 8 050 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
