Mercuria and Eni have signed an agreement to establish a jointly owned global energy trading venture that will combine the companies’ trading, marketing, logistics and risk management capabilities across a range of energy commodities.
The joint venture will be equally owned by Mercuria and Eni and will operate independently through a holding company headquartered in Geneva, supported by international trading hubs serving global energy markets.
The new business will oversee selected commercialisation and trading activities covering crude oil, biofuels, natural gas, liquefied natural gas (LNG), liquefied petroleum gas (LPG), as well as associated logistics and infrastructure rights.
According to the companies, the venture will combine Mercuria’s expertise in global energy trading, market intelligence and risk management with Eni’s upstream, midstream and downstream operations to optimise physical energy flows and strengthen access to international markets.
Marco Dunand, chief executive officer of Mercuria, said the partnership brings together two complementary organisations with a shared long-term vision for energy markets. He said the integration of physical energy flows with trading, logistics and risk management capabilities is expected to create a more agile and efficient platform, improving asset optimisation, customer service and supply chain performance in evolving global energy markets.
The companies said the venture will integrate physical assets with commercial optimisation to enhance supply chain flexibility, strengthen resilience and generate additional value across the energy value chain.
Mercuria said the transaction supports its strategy of expanding market access, increasing physical integration and delivering commercial energy solutions through strategic partnerships.
Completion of the transaction remains subject to customary regulatory approvals and other closing conditions.
For more information visit www.mercuria.com
