The Italian energy group aims to enhance trading profits through a new independent venture with one of the world’s largest independent traders.
Eni has agreed to form a 50-50 joint venture with Mercuria to trade energy commodities globally. The venture will operate independently and without consolidation under either company’s financials, targeting higher profitability in energy markets.
The partnership pairs Eni’s energy portfolio with Mercuria’s trading expertise, positioning the venture to compete with Europe’s top commodity traders. Mercuria, based in Geneva, ranks among the largest independent trading firms worldwide.
No immediate market reaction was disclosed in the announcement. The venture’s structure aims to leverage both companies’ strengths in physical and financial energy trading.