Eni and Korea Gas Corporation to strengthen cooperation in energy sector
The two companies signed a MoU to collaborate on different areas including LNG projects, downstream, circular economy and low-carbon energy projects.
Eni and Korea Gas Corporation signed a Memorandum of Understanding (MoU) to identify specific cooperation opportunities in different areas such as exploration and production projects, LNG projects, downstream and infrastructure projects, and in particular circular economy and low-carbon energy projects.
The two companies have been cooperating in Exploration and Production business over the past decade in Africa, Middle East, South-East Asia and Mediterranean. Projects in Mozambique and Iraq are the most representative examples of cooperation between the two companies.
“By signing this MoU with Eni, we shared the strong willingness of both companies to lead the era of low-carbon and eco-friendly energy. 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 Corporation.
“As Eni wants to play a decisive role in the process of energy transition towards a low-carbon future, this collaboration is in line with the direction we want to follow to ensure sustainable growth. This MoU fits our culture based on integration, efficiency and a constant focus on technological innovation and research, which has allowed Eni to enhance the assets in a different way,” said Claudio Descalzi, CEO of Eni.
