Eni, Santos Sign MoU for Cooperation in Northern Australia, Timor-Leste
May 03 2021 - 4:17AM
Dow Jones News
By Mauro Orru
Eni SpA said Monday that its subsidiary Eni Australia Ltd. has
signed a non-binding memorandum of understanding with Australian
natural gas supplier Santos Ltd. to identify cooperation areas in
northern Australia and Timor-Leste.
The Italian oil-and-gas major is already partnering with Santos
in the Bayu-Undan gas and condensate field in Timor-Leste, as well
as in the Darwin LNG plant and connecting gas pipeline in northern
Australia.
The two companies will explore the potential expansion of the
Darwin LNG plant, options to repurpose and extend the life of
Bayu-Undan as well as the joint development of CO2 capture and
storage or utilization facilities.
Upstream development opportunities in northern Australia are
also contemplated.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
May 03, 2021 04:02 ET (08:02 GMT)
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