en.Wedoany.com Reported - Italian energy company Eni and commodity trading firm Mercuria announced the signing of an agreement to establish a 50-50 joint venture focused on the trading of global energy commodities in international markets.

The joint venture will operate independently through a holding structure with global trading centers, covering commodities including oil, natural gas, liquefied natural gas (LNG), biofuels, and related logistics and infrastructure interests.

Both companies stated that the partnership aims to unlock synergies by combining their trading expertise and asset portfolios to create a leading global trading platform with a broader international footprint.

This move is part of Eni's strategy to evolve its trading model, with the goal of strengthening asset management, improving cash flow generation, and enhancing value across the entire energy value chain. Through the collaboration with Mercuria, Eni seeks to further bolster its capabilities.

The two companies added that the plan is designed to build a more flexible and responsive trading architecture with a global perspective, combining physical asset optimization with advanced trading capabilities.

The completion of the transaction remains subject to regulatory approvals and customary closing conditions.

Stefano Pujatti, Eni's Global Trading Director, stated that the strategic rationale for establishing the joint venture lies in expanding the trading footprint, enhancing profitability for both parties, and creating long-term value through operational efficiency and robust risk management.

Marco Dunand, CEO of Mercuria, noted that the partnership brings together two highly complementary organizations sharing a common long-term vision for the energy market. He said that by integrating physical energy flows with world-class trading, logistics, and risk management capabilities, a more agile and efficient platform will be created to maximize value across the entire supply chain, better serve customers, and optimize assets to navigate an increasingly dynamic global energy market.