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business16h ago
Key facts: Eni talks Venezuela gas JV; Italy nominee blocks €7.3m exit
- Eni is in talks with Repsol and PDVSA on potential gas exports from Venezuela's Cardón IV project, with no deal yet reached.
- The talks include a potential 50-50 joint venture with Repsol on Venezuelan gas production.
- Giuseppina Di Foggia, Italy's nominee to chair Eni, is blocking her appointment by withholding a €7.3 million severance from Terna.
- The situation has prompted consideration of other candidates for Eni's leadership amid governance questions in Italy.
- Eni continues pursuing strategic gas projects with a focus on exports and collaboration in Venezuela.
- The Cardón IV project was discussed as part of broader cooperation on Venezuelan gas production plans.
- No binding agreement has been announced between Eni, Repsol, or PDVSA on Cardón IV exports yet.
- Italy's nomination for Eni leadership is tied to a severance issue involving Terna funds.
- The developments reflect ongoing negotiations over Venezuela's gas projects amid broader energy cooperation themes.
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