ENI Signs LNG Deal With South Korea, Japan

From UPI

Italian energy company Eni said Friday it signed an agreement with Japanese and South Korean energy companies for shipments of liquefied natural gas.

In the first joint purchase contract of its kind, Eni said it would ship as many as 1.7 million tons of LNG, or 28 cargoes, under the terms of a four-year agreement with Korea Gas Corp. and Japan’s Chubu Electric Power Co.

Eni said it would determine which party gets the LNG shipments depending on allocation needs.

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