Eni and Mercuria have agreed to establish a 50:50 joint venture to oversee energy commodities trading across global markets.
The independently operated venture will manage selected commercialisation and trading activities covering oil, biofuels, natural gas, LNG, as well as related logistics and infrastructure rights. It will operate through a holding structure with international trading hubs.
Eni said the partnership will expand its trading footprint, improve operational efficiency, strengthen risk management and generate long-term value. Mercuria said the venture will combine the companies’ physical energy assets, trading expertise and logistics capabilities to create a more agile platform capable of optimising value across the supply chain.
The companies said the venture is expected to unlock growth opportunities, create synergies and strengthen their positions in global energy markets. The transaction remains subject to customary regulatory approvals and other closing conditions.
