Gas & LNG Marketing and Power
Eni has signed a tripartite agreement with Korea Gas Corporation and Chubu Electric Power Company for the sale of 28 cargoes of LNG (or 1,7 Mton of LNG) over the period 2013-2017.
Under this agreement, which is the first joint purchase contract between Japan and South Korea, Eni will source the cargoes from its global LNG portfolio and ship them either to South Korea or Japan according to the two clients’ allocation needs, increasing the flexibility and security of supply of their respective sourcing portfolios.
The agreement, will strengthen Eni’s presence in the Far East LNG market.
At the end of 2017, a new integrated industrial complex for the production of elastomers was launched in Yeosu, South Korea.
The new plants of Lotte Versalis Elastomers, a 50:50 joint venture between Versalis (Eni), a global leader in the elastomers business, and Lotte Chemical, a major petrochemical company headquartered in South Korea, have been built in a record time of 26 months and in conformity with sustainability principles, thanks to the use of the most advanced European technological standards. This important achievement is part of Eni’s strategy to transform its chemical business also through international development.
The joint venture, established in 2013 with the aim of targeting growth in the Asian elastomers market, uses Versalis’ technology, industrial expertise and commercial network, as well as Lotte Chemical’s site integration, which ensures the availability of feedstocks and industrial facilities.
The industrial complex has a nameplate capacity of 200 kton/year of elastomers (EPDM, Ethylene-Propylene Diene Monomer; s-SBR, solution-Styrene Butadiene; BR, Butadiene Rubber). The production streams are targeted to premium application segments, mainly tyre and automotive industries, styrenics modification and technical goods.
Offices and contacts
Lotte Versalis Elastomers Co Ltd
53 Yeosusandan 4-ro
Republic of South Korea