Stock Market News

Exxon considers selling stake in LNG terminal offshore Italy

2023.03.15 15:42


© Reuters. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

By Sabrina Valle and Francesca Landini

HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:). is considering selling its majority stake in the Rovigo LNG terminal offshore Italy as part of a strategy to divest from non-core assets, the company said in a statement on Wednesday.

The terminal, also named, Adriatic LNG, is owned by Exxon’s subsidiary ExxonMobil Italiana Gas S.r.l. (70.7%), QatarEnergy subsidiary Qatar Terminal Company Limited (22%) and Snam Spa (7.3%). Snam has the right of first refusal should a partner decide to divest.

Exxon said that while it was verifying market interest, it had not made a decision about a potential sale nor has it identified a buyer at this early stage.

“Tests like this are consistent with our focused investment strategy, highlighting our willingness to divest non-core assets to those who can derive greater value,” Exxon spokesperson Meghan Macdonald said.

Any transaction would not impact Exxon’s imports of LNG into the Adriatic LNG terminal, nor its interest in the Italian and European markets as a supplier, the company said.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,358.35 0.17%
ethereum
Ethereum (ETH) $ 3,419.44 0.99%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 255.81 1.25%
bnb
BNB (BNB) $ 682.91 1.46%
xrp
XRP (XRP) $ 1.45 6.95%
dogecoin
Dogecoin (DOGE) $ 0.434184 5.08%
usd-coin
USDC (USDC) $ 0.999712 0.03%
cardano
Cardano (ADA) $ 1.07 2.96%
staked-ether
Lido Staked Ether (STETH) $ 3,415.93 1.05%
tron
TRON (TRX) $ 0.216841 3.28%
stellar
Stellar (XLM) $ 0.57976 32.58%
avalanche-2
Avalanche (AVAX) $ 42.01 1.78%
the-open-network
Toncoin (TON) $ 6.39 13.27%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,051.00 1.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,899.23 0.43%
polkadot
Polkadot (DOT) $ 9.06 17.81%
chainlink
Chainlink (LINK) $ 17.68 3.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 511.38 3.65%
weth
WETH (WETH) $ 3,418.85 0.45%
sui
Sui (SUI) $ 3.45 4.37%
pepe
Pepe (PEPE) $ 0.000021 4.18%
near
NEAR Protocol (NEAR) $ 6.61 4.33%
leo-token
LEO Token (LEO) $ 8.68 1.08%
litecoin
Litecoin (LTC) $ 101.19 0.53%
aptos
Aptos (APT) $ 12.86 0.67%
uniswap
Uniswap (UNI) $ 11.16 5.13%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,602.79 1.15%
hedera-hashgraph
Hedera (HBAR) $ 0.15123 1.36%
internet-computer
Internet Computer (ICP) $ 11.62 3.73%
crypto-com-chain
Cronos (CRO) $ 0.196582 2.97%
usds
USDS (USDS) $ 1.00 0.11%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.577148 5.68%
ethereum-classic
Ethereum Classic (ETC) $ 29.90 0.22%
render-token
Render (RENDER) $ 8.08 1.44%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.56 15.47%
bittensor
Bittensor (TAO) $ 538.05 1.33%
kaspa
Kaspa (KAS) $ 0.15409 4.54%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
arbitrum
Arbitrum (ARB) $ 0.880108 4.13%
vechain
VeChain (VET) $ 0.043829 3.83%
whitebit
WhiteBIT Coin (WBT) $ 24.74 0.62%
cosmos
Cosmos Hub (ATOM) $ 9.09 14.45%
bonk
Bonk (BONK) $ 0.000047 6.28%
filecoin
Filecoin (FIL) $ 5.82 13.71%
dai
Dai (DAI) $ 0.999818 0.04%
mantra-dao
MANTRA (OM) $ 3.80 0.24%
okb
OKB (OKB) $ 55.96 9.67%
dogwifcoin
dogwifhat (WIF) $ 3.26 3.66%