President Moon Attends Mozambique FLNG Departure Naming Ceremony

Emphasizing 'K-Joseon' Achievements, Encouraging Entrepreneurs... Mozambique President Also Attends Lunch with President Moon

[Asia Economy Reporters Ryu Jeong-min and Lee Ji-eun] President Moon Jae-in attended the naming ceremony for the 'FLNG' held at Samsung Heavy Industries in Geoje, Gyeongnam on the morning of the 15th, emphasizing the achievements of 'K-Shipbuilding' and encouraging business leaders.

The FLNG named Coral-Sul is a floating offshore LNG liquefaction plant. It is capable of producing, storing, and shipping LNG while afloat at sea. Samsung Heavy Industries secured the FLNG contract in June 2017 for approximately 2.5 billion USD.

Korea Gas Corporation, holding a 10% stake, will start LNG production next year at the Mozambique Offshore Block 4. It plans to produce 3.4 million tons of LNG annually, equivalent to 8.5% of Korea's annual LNG consumption (based on 2020 data). It will set sail for offshore Mozambique on the 16th.

[Image source=Yonhap News]

In his congratulatory speech, President Moon praised the efforts of various multinational companies that collaborated on the construction of the FLNG. He also expressed his intention to expand cooperation with Mozambique in energy, shipbuilding, and plant sectors.

The naming ceremony was attended in person by Mozambique President Filipe Nyusi and his spouse, who were visiting Korea. President Moon and First Lady Kim Jung-sook shared a private luncheon with the Mozambican presidential couple.

A Blue House official explained, "This will serve as an opportunity to strengthen practical cooperation in shipbuilding and plants, expand high-level diplomacy with Africa, and broaden opportunities for development in the northern Mozambique gas fields."

This content was produced with the assistance of AI translation services.