Eni has signed a cooperation agreement with Korea Gas Corporation (KOGAS) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors.
The agreement will allow the companies to jointly pursue opportunities worldwide.
Eni and KOGAS expect the cooperation agreement to facilitate the LNG development of Area 4 in Mozambique where Eni is operator with a 50% indirect interest.
KOGAS, Galp Energia and ENH partners each have 10% interest, with CNPC holding the remaining 20% indirect participation. Area 4’s total resources are estimated to be approximately 85 trillion ft3 of gas in place and ready to enter in the development phase in 2015.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17102014/eni-and-kogas-to-cooperate-on-lng-1616/