Mozambique, Eni sign 20-year LNG sales agreement with BP

Mozambique, Eni sign 20-year LNG sales agreement with BP
 

Mozambique and Italy's Eni (ENI.MI) have signed a 20-year deal to sell BP (BP.L) liquefied natural gas (LNG), an important step in getting a long-delayed project off the ground, state energy firm ENH said on Tuesday.
Eni and Mozambique should by the end of this year reach a final investment decision on a project to build a floating offshore platform with a capacity to produce 3.3 million tonnes a year of LNG from gas in the Coral South field, ENH said.
The Coral field is part of the huge reserves discovered six years ago in the Area 4 concession off the Mozambican coast.
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4 October 2016 in Business, Views: 46
Source: Reuters
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