Eni Trading and Shipping: new centre of excellence for trading
London, 23 November 2010 – Eni announces the integration of all of its commodity trading activities into one company, Eni Trading and Shipping (ETS).
In Q1 2011, ETS will become responsible for all Eni’s commodity trading, as oil, products, natural gas, power, CO2 and related derivatives, with offices in London, Rome, Houston, Brussels, Amsterdam and Singapore.
The integration of the trading activities into ETS will enable Eni to capture additional business opportunities in a market which is becoming more liquid and more integrated across different commodities. It will also create a single centre of excellence for trading and commodities risk control.