Eni Trading & Shipping (ETS) is the dedicated commodity trading arm of Eni. It provides service to Eni's business units and external counterparties.
ETS operates as Eni‘s unique interface on the market to ensure an integrated global view.
ETS supports Eni‘s businesses by trading crudes, refined products, natural gas, power and environmental products, leveraging Eni‘s existing strengths and networks. It contributes to optimize Eni's asset portfolio thanks to its global reach, bringing synergies to the organisation, and by designing advanced risk management solutions.
ETS was born in late 2007 as an independent legal entity (100% owned by Eni) with the aim of creating a centre of excellence for trading crudes and refined products, integrating the know-how matured in the downstream and upstream divisions within Eni. In November 2010, as markets are becoming more interrelated, liquid and volatile, Eni announced the integration of its gas, power and emissions trading activities into ETS. Therefore allowing ETS to leverage Eni's unique position as a leading gas player in Europe and creating a single centre for trading and commodities risk management.
The integration of gas, power and emissions provides ETS with an extraordinary boost to develop a strong view on the market contributing to the optimisation of Eni's assets and supporting strategic decisions.
ETS can count on a team of almost 400 people based in 7 locations around the world (London, Brussels, Amsterdam, Rome, Milan, Houston and Singapore) ensuring a global reach in all European markets as well as in the USA, Africa and Asia 24h/day.
The people of ETS work hard to catch all market opportunities assuring, reliability, speed and flexibility with the aim to satisfy internal and external clients.
Last updated on 03/02/12