Eni Signs Strategic Agreements in Kazakhstan
January 18 2024 - 1:49PM
Dow Jones News
By Pierre Bertrand
Eni said that it has signed strategic agreements with Kazakh
companies KazMunayGas and with QazaqGaz, Kazakhstan's national gas
company.
Eni said that it has signed joint confirmation agreement with
KazMunayGas for a 250 megawatt hybrid renewable-gas project for
Zhanaozen City.
"Eni and KMG confirmed their readiness to proceed to the
project's implementation phase, which will supply KMG facilities in
the area with low-carbon, stable electricity produced from solar
and wind, and will be balanced with additional capacity from a gas
power plant," Eni said Thursday.
The Italian oil and gas company said it also signed a memorandum
of cooperation with Sovereign Wealth Fund Samruk-Kazyna for
additional energy-transition projects, including the possible
application of the hybrid renewables model in other regions of the
country, the assessment of mineral initiatives and the development
of other carbon-emission-reduction technologies.
In addition, Eni said it signed another strategic-cooperation
agreement with QazaqGaz focused on scientific exchange.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 18, 2024 13:34 ET (18:34 GMT)
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