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Eni and Mercuria Form 50:50 Energy Trading Joint Venture
Eni has signed an agreement with global commodities trader Mercuria to establish a 50:50 joint venture focused on energy commodities trading. The independently operated venture will handle the commercialization and trading of oil, natural gas, LNG, biofuels, and related logistics and infrastructure rights through a global network of trading hubs. The partnership combines Eni's integrated energy portfolio with Mercuria's expertise in global trading, logistics, and risk management. Eni expects the joint venture to improve operational efficiency, enhance risk management, and maximize value across the supply chain while supporting its strategy to expand higher-margin trading activities and diversify earnings. The closing of the transaction is subject to standard regulatory clearances and other definitive conditions.