Eni, Kogas to Cooperate, Deal to Help Develop Mozambique Area 4 LNG Project
Italy's Eni signed a cooperation agreement Friday with Korea Gas Corporation (Kogas) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG (liquefued natural gas) 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 percent indirect interest, Kogas, Galp Energia and ENH partners in the agreement with 10 percent interest each and CNPC with 20 percent indirect participation. Area 4’s total resources are estimated to be approximately 85 trillion cubic feet of gas in place and ready to enter in the development phase in 2015.
The cooperation agreement confirms the success of Eni and Kogas’s partnership that so far has been involved in 5 upstream projects including Mozambique, Cyprus, Iraq, Indonesia and Timor Leste.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Offshore Mozambique Block Goes to Eni (Oct 17)
- Offshore Mexico FPSO Contract Goes to Modec (Oct 12)
- Eni Makes New Gas Discovery in Egypt (Aug 30)
Company: Kogas more info
- As KOGAS Goes Into LNG Arbitration, Others May Follow (Feb 13)
- KOGAS Says In LNG Arbitration With Australia's North West Shelf Gas (Feb 12)
- S. Korea's KOGAS Says Interested In US Shale Gas Projects (Feb 10)