Article length: 159 words
Mozambique: Eni signs Kogas deal
Eni signed a co-operation agreement with Korea Gas Corporation (Kogas) on 17 October to strengthen their relationship in a number of areas, particularly in the upstream and liquefied natural gas (LNG) sectors. Eni said the agreement would allow the companies to jointly pursue opportunities worldwide. Eni and Kogas expect the co-operation agreement to facilitate the LNG development of Area 4 in Mozambique, where Eni is operator with a 50% indirect interest. Kogas, Galp Energia and the state Empresa Nacional de Hidrocarbonetos are partners in the agreement, with 10% interest each, while China National Petroleum Corporation has 20% indirect participation via a holding in Eni East Africa.
Credit value: 1