ExxonMobil has selected BlackRock as a buyer for its 70.7% stake in Italy’s first regasification import terminal.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments1 day5 daysTsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Coal Production Surges By 83% At India’s Largest Power FirmExxonMobil has selected the world’s largest asset manager, BlackRock, as a buyer for its 70.7% stake in Adriatic LNG, Italy’s first regasification import terminal, the U.S.
Exxon has not reached a final agreement on the sale yet, a spokesperson for the supermajor told Reuters.in May. Back then, expectations were that the deal would value the entire Adriatic LNG terminal at around $840 million . Germany, the Netherlands, Italy, and Greece have all been adding new LNG import infrastructure as European LNG imports have surged since early 2022 to compensate for the lack of Russian gas, which the EU plans to ditch altogether by 2027.Italy, one of the biggest buyers of Russian gas in Europe before the Russian invasion of Ukraine, will be independent of Moscow’s gas by the winter of 2024/2025, Eni’s CEO Claudio Descalzi said in January this year. Tsvetana is a writer for Oilprice.
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