Eni, Fincantieri To Form Research & Development Partnership
Zacks Investment Research | May 29, 2017 09:32PM ET
Eni SpA (NYSE:E) recently announced that it has inked a bilateral Memorandum of Understanding (MoU) with Fincantieri for a research and development partnership.
The alliance is expected to open up opportunities of performing studies on energy projects associated with natural gas. The scope of the agreement is huge and includes a wide range of potential partnerships like the study of initiatives associated with the natural gas transport chain, LNG and the exploitation of gas resources.
This partnership eyes development of projects associated with floating platforms for offshore production and the appraisal of energy projects with a low environmental impact.
The MoU is part of Eni's strategy to deal with climate change, encourage sustainable development and support the use of gas for transport. It boosts Eni's association with the Italian experts and emphasizes the company’s commitment to reduce CO2 emissions, mainly in the naval sector.
With respect to the individual opportunity that will be subject of appraisal, information on related party transactions will be provided if necessary.
Investor confidence on Eni’s stock is reflected in its price chart. Shares of the company have gained 1.5% in the last three months, while the Zacks Investment Research
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