CNPC and Eni sign LNG cooperation deal

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.