Global commodity trading firm Mercuria and Italian oil and gas major Eni on Wednesday (1 July) announced the signing of an agreement to establish a jointly owned global energy trading venture that will combine the complementary strengths of both companies to optimise the marketing, logistics, and trading of energy commodities worldwide.
The joint venture, owned equally by Mercuria and Eni, will operate independently through a holding structure with its headquarters in Geneva and international trading hubs providing a truly global platform for energy markets.
The venture will oversee selected commercialisation and trading activities across a broad range of energy commodities, including oil, biofuels, natural gas, LNG, LPG, and associated logistics and infrastructure rights.
By combining Mercuria’s global trading expertise, market intelligence, and risk management capabilities with Eni’s extensive upstream, midstream, and downstream asset knowledge, the joint venture will enhance the optimisation of physical energy flows while strengthening access to global markets.
Marco Dunand, Chief Executive Officer of Mercuria, said, “This partnership brings together two highly complementary organisations with a shared long-term vision for energy markets. By integrating physical energy flows with world-class trading, logistics, and risk management capabilities, we will create a more agile and efficient platform that maximises value across the supply chain.
“Together, we will be better positioned to serve customers, optimise assets and navigate increasingly dynamic global energy markets.”
The joint venture will leverage the strengths of both companies to enhance the integration of physical assets with commercial optimisation, combining deep operational knowledge with advanced trading capabilities, which will improve supply chain flexibility, strengthen resilience, and unlock additional value across the energy value chain.
Photo credit: Mercuria
Published: 2 July, 2026
