China National Petroleum Corporation (CNPC) and Italy’s Eni on Wednesday signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain.
The duo also agreed to cooperate in oil & gas exploration and production, trading and logistics opportunities, refining and petrochemicals.
The partnership will regard both China and overseas activities.
The signing took place in Rome at Eni’s headquarters during a meeting between the Chairman of CNPC, Wang Yilin, and Eni’s Chief Executive, Claudio Descalzi.
Both companies are partners at Area 4 Rovuma gas field in Mozambique operated by Eni and includes the Mamba and Coral gas fields – the FID has been approved for the development of Coral Floating LNG which is supposed to commence in 2020.