Eni launches Coral South Project in Mozambique.

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Italy's Eni signed an $8 billion agreement to start developing a massive gas field with potential to transform Mozambique's economy by turning it into a major LNG supplier to Asia.

Eni's Coral South project is the first in its development of the 16 Tcf field discovered by Eni in Area 4 of the Rovuma Basin in 2012. The project includes construction of six subsea wells connected to a floating liquefied natural gas (FLNG) unit with a capacity of approximately 3.4 million tons per year....

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