Australia's Woodside China's ENN Join Hands

October 23, 2018

Pic: Woodside Petroleum
Pic: Woodside Petroleum

Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.

The Cooperation Agreement was signed at a ceremony in Zhoushan on behalf of Woodside by Executive Vice President Marketing Trading & Shipping Reinhardt Matisons and by ENN Group CEO Cheung Yip Sang.

“Woodside’s aim is to grow our relationship with ENN Group, and we now plan to jointly investigate opportunities for cooperation in LNG marketing, trading and shipping,” Matisons said.

“Other potential areas for cooperation include oil and gas exploration and production, liquefaction and regasification projects, and power generation," he added.

Woodside is planning to add to its existing LNG production portfolio with its proposed developments of the Scarborough and Browse offshore gas resources through the Burrup Hub in Western Australia, said the press release.

It said that ENN Group recently commissioned the first phase of the Zhoushan LNG import terminal and is aiming to grow its market share in China’s gas distribution and retailing sector, as well as internationally.

“This agreement will allow us to identify and explore options for mutually beneficial business opportunities as we embark on our respective growth phases,” said the release.

Categories: Energy Fuels & Lubes LNG


Current News

SBM Acquires Constellation's Stakes in 5 FPSOs

SBM Acquires Constellation's Stakes in 5 FPSOs

Court Reviewing Bourbon Takeover Bids

Court Reviewing Bourbon Takeover Bids

Polarcus Scores Seismic Job in Malaysia

Polarcus Scores Seismic Job in Malaysia

Siccar Point Attracts Bids of up to $2 Bln

Siccar Point Attracts Bids of up to $2 Bln

ABB Showcases World-first Subsea Power System

ABB Showcases World-first Subsea Power System

IKM Testing Wins Work for Johan Sverdrup 2

IKM Testing Wins Work for Johan Sverdrup 2

Neptune: 'Remote' Possibility of 2020 IPO

Neptune: 'Remote' Possibility of 2020 IPO

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week