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Eni teams up with Kogas to develop Mozambique LNG project

17th October 2014

Eni signed today a cooperation agreement with Korea Gas Corporation (Kogas) to further strengthen their relationship in a number of areas, particularly in the upstream and LNG sectors – helping Eni develop its Area 4 LNG project in Mozambique

Eni teams up with Kogas to develop Mozambique LNG project
The agreement will also allow the companies to jointly pursue opportunities worldwide

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.

Eni and Kogas expect the cooperation agreement to facilitate the LNG development of Area 4 in Mozambique where Eni is operator with a 50 per cent indirect interest, Kogas, Galp Energia and ENH partners in the agreement with 10% interest each and CNPC with 20 per cent indirect participation.

The agreement will also allow the companies to jointly pursue opportunities worldwide.

The cooperation agreement confirms the success of Eni and Kogas’s partnership that so far has been involved in five upstream projects including Mozambique, Cyprus, Iraq, Indonesia and East Timor.

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