Italy and China agreed on Tuesday to look together at low-carbon energy sources, advanced technologies and circular economy partnership initiatives aimed at sustainable development and decarbonisation, Italian oil and gas giant Eni said in a statement.
The Memorandum of Understanding on energy cooperation "establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Chinese counterparts across the entire energy value chain in China and internationally," said Eni's statement.
The MoU was signed at the Italian embassy in Beijiing by Eni's chief executive Claudio Descalzi and Huang Yong, director-general of China's National Development and Reform Commission's International Cooperation Centre, the statement said.
Italy's ambassador to China Luca Ferrari attended the signing ceremony, which took place during the China-Italy Joint Government Committee, according to the statement.
The partnership will allow Eni and ICC-NDRC "to share knowledge and best practices, assess the impact of energy policies and market regulations, identify areas of mutual interest, and develop relationships with Chinese institutions and companies at the national,provincial and municipal levels," the statement said.
Eni has been operating in China since 1984 and has recently established a new Representative Office in Beijing, the statement concluded.
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