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    Eni, CNPC Sign Co-operation Accord

Summary

Eni said that it and China National Petroleum Corporation (CNPC) signed a cooperation agreement in Rome.

by: Mark Smedley

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Natural Gas News, Africa, Asia/Pacific, Europe, Corporate, Exploration & Production, Infrastructure, LNG, News By Country, China, Italy, Mozambique

Eni, CNPC Sign Co-operation Accord

Eni said that it and China National Petroleum Corporation (CNPC) signed a co-operation agreement in Rome, September 13.

The agreement covers oil and gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.

Signing took place in Rome at Eni's headquarters during a meeting between CNPC chairman Wang Yilin and Eni CEO Claudio Descalzi.

Eni said the meeting was a chance to further strengthen the relationship between the two companies and discuss ongoing joint projects as well as future opportunities between CNPC and Eni across the energy value chain. 

The two firms are long-term partners in Mozambique deepwater Area 4, including its 3.4mn/yr mt Coral South floating LNG project due onstream in 2022. Area 4 gas resources are 85 trillion ft3, of which 16 trillion ft3 is earmarked for the Coral FLNG venture.

 

Mark Smedley