Eni finalizes with GIP partnership with 49.99% equity stake

18 Dec Eni finalizes with GIP partnership with 49.99% equity stake

(Oilandgaspress) Eni and Global Infrastructure Partners (“GIP”), announced the closing of the sale of a 49.99% stake in Eni CCUS Holding – a leading global player in the CCS sector (Carbon Capture and Storage).

The deal – first announced last August – states that Eni and GIP hold joint control of the company.

Eni CCUS Holding operates, through its subsidiaries, the Liverpool Bay and Bacton projects in the UK, in addition to the L10-CCS project in the Netherlands. Furthermore, the Company has the right to acquire the 50% held by Eni of Ravenna CCS project in Italy and it will be able to include other potential projects within a broader platform of CCS initiatives in the medium- to long-term.

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