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Stock impact report

Draft EIA study on Mozambique's second FLNG factory favourable [Reuters]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Reuters
sensitive surroundings, a draft environmental impact assessment (EIA) study by Consultec environmental consultants has found. Italy's Eni SPA (ENI.MI) New Tab , opens new tab has proposed locating the Coral Norte FLNG platform 10 km north of its twin Coral Sul which is currently operating in the Rovuma Basin. Eni expects to reach a final investment decision on its second Mozambique FLNG, which will have a production capacity of 3.5 million tons a year, in the next few months, sources told Reuters in October. The report identified dozens of negative impacts during specialist studies that considered harmful emissions, noise pollution, oil spills and other potentially disastrous outcomes in the environmentally sensitive Mozambique Channel. "Most of these were assessed as low or very low significance, before mitigation ... In other words, they are impacts of reduced importance, which can be managed through standard mitigation and best practices," said the non-technical summary. Show less Read more
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