JGC Holdings Corporation's subsidiary, JGC France S.A.S., alongside Technip Energies France S.A.S. and Samsung Heavy Industries Co., Ltd., has secured an EPCIC contract for the Coral North FLNG project offshore Mozambique. Awarded by Mozambique Rovuma Venture S.p.A. on behalf of Area 4 Partners, the project involves constructing a floating LNG facility with a 3.6
million tonnes per annum capacity at the Coral gas field, about 50 kilometers offshore northern Mozambique. JGC France and Technip Energies will handle engineering, procurement, and project management of the topside facilities, while Samsung Heavy Industries will manage the hull construction and topside module fabrication. The lump-sum turnkey contract is valued below USD 5 billion, with JGC Group's share exceeding USD 1 billion. LNG production is expected to start in 2028. This project follows the Coral South FLNG development, marking the second FLNG venture in Mozambique involving these partners. The contract aligns with JGC Group's ongoing commitment to LNG infrastructure and the global energy transition.
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