Eni, Korea Gas to assess further E&P ventures

Eni and Korea Gas Corp. have signed a memorandum of understanding on potential co-operation in exploration and production, LNG, infrastructure, downstream, and low-carbon energy projects.

Offshore staff

ROME – Eni and Korea Gas Corp. have signed a memorandum of understanding on potential co-operation in exploration and production, LNG, infrastructure, downstream, and low-carbon energy projects.

The two companies have collaborated in E&P over the past decade in Africa, the Middle East, Southeast Asia and the Mediterranean, notably in Mozambique’s deepwater Area 4 project.

“Our strong relationship can settle the basis for a new business with the aim of the second Mozambique Area 4 and Iraq Zubair project, which represents the new energy era,” said Hee-bong Chae, CEO of Korea Gas.

06/12/2020

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