By Giulia Petroni

Eni SpA said Tuesday that it signed a memorandum of understanding with Zhejiang Energy Group Co. to cooperate in the sector of gas and liquefied natural gas in China and internationally.

The Italian oil-and-gas major said the cooperation includes developing a long-term LNG supply agreement as well as jointly participating in gas or LNG projects.

"The MoU builds on the companies' shared goal of promoting a reduction in emissions by favoring a switch from coal to gas in the production of electricity," it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

March 30, 2021 07:10 ET (11:10 GMT)

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