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 Eni Trading & Shipping (ETS):

  • commercialises Eni's crude oil and condensates production;
  • trades a wide range of crudes, fuels and other petrochemical/refined products based on Eni's downstream production and contracts with third parties;
  • trades gas and power for the entire group.

ETS also provide shipping services to Eni's divisions managing more than 2700 voyages per year globally, offering - both to internal and to external clients - cutting edge vetting services.
Finally, ETS values the importance of risk management and through the solid know-how developed internally by the parent company manages risk exposure and price.

  • Crude oils & ProductsCrude oils & Products
  • Gas, Power & EmissionGas, Power & Emission
  • ShippingShipping
  • VettingVetting

The trading of crude oils and products in the international markets is the original activity of ETS from its start up in late 2007.
ETS is responsible for the commercialization of Eni's crude oils and condensates worldwide. ETS leverages the profound knowledge of Eni's upstream and downstream divisions, and the privileged relationships Eni has developed with National Oil Companies, producers and other oil majors, as well as trading companies and refiners.
ETS carefully analyses the trends that drive the energy commodity markets, thereby identifying trading opportunities early on and positioning itself as a reliable and efficient partner.
Part of the crude equity production is destined to Eni's refinery system in Italy and abroad, whilst the rest is sold on the international markets to third parties counting on the reliable and efficient services ETS provides.
ETS manages the international trading of the wide feedstocks and refined products coming from Eni's industrial system. It also supplies Eni's downstream system with crude oils, feedstocks and refined products.
Thanks to the strength of Eni's downstream assets, ETS is one of the most relevant players in trading gasoil in the Mediterranean area.
From its front office desks in London, Houston, Amsterdam and Singapore, ETS is operative on the market 24 h/day.

The gas and power market scenario has changed dramatically in recent years. Increased market volatility and liquidity, and the strong interrelations amongst energy commodities require more sophisticated trading and faster trading decisions in order to create value and manage market risk.
This has led Eni to integrate all the group's trading activities regarding gas, power and emissions under ETS. Based on a combination of assets and the trading capabilities of the Eni and Distrigas teams, ETS is positioned as a key counterparty across European and global gas markets. In addition, thanks to Eni's asset presence in Italy, ETS is positioned as a strong power player.

ETS gas, power and emissions front office can leverage Eni‘s unique position as the first gas operator in Europe (more than 20% market share) and a truly real integrated player in oil, gas and power. Thanks to the Eni's leading position, ETS can count on an in–depth knowledge of the physical markets and transportation.
ETS delivers value for its clients via:

  • asset trading;
  • energy pricing, structuring and execution;
  • proprietary strategies.

These competences allow ETS to secure Eni‘s revenues, maximise asset value and develop unique commercial offers.
ETS is active on all European hubs, border points (flanges), upstream locations, in-store transfer points and delivers gas to UK industrial and commercial customers.

As from since the incorporation of gas and power trading activities, ETS is now developing the new business of emissions trading according to the opportunities arising from Eni's portfolio and the regulatory framework:
Eni's full portfolio of industrial activities to be managed under the EU Emissions Trading Scheme (power plants, petrochemical complexes, refineries, E&P installations) can offer a wide range of solutions:

  • EUA/CER/ERU;
  • green certificates;
  • white certificates.

ETS policy and commitment is to monitor the quality of the vessels and their Technical Operators by direct inspections in order to ensure respect for all safety and environmental codes.
With this aim, the Vetting Team of ETS provides best in class screening and clearance activities to vessels used for group or third parties transportation. This activity began in the mid 90's and since then a sophisticated IT support system has been developed to meet the highest standards required by the industry and to optimize the overall process.

ETS participates to OCIMF – SIRE system, and its vetting activity complies with their principles

Time charter fleet description

International fleet
Suezmax 2
Handysize 4
Aframax 7
LPG 1
Domestic fleet med area
Handysize 1
Chemical 2
Bitumen 1
Products 12
LPG 7

ETS policy and commitment is to monitor the quality of the vessels and their Technical Operators by direct inspections in order to ensure respect for all safety and environmental codes.
With this aim, the Vetting Team of ETS provides best in class screening and clearance activities to vessels used for group or third parties transportation. This activity began in the mid 90's and since then a sophisticated IT support system has been developed to meet the highest standards required by the industry and to optimize the overall process.
ETS participates to OCIMF – SIRE system, and its vetting activity complies with their principles.

Vessels Evaluation (Screening and Clearance)
  • Evaluations are performed, if possible, on the basis of an ETS Vetting inspection, with maximum validity of twelve months.
  • In absence of Vessel's physical inspection performed by an ETS's inspector, the evaluation and selection activity is carried out on the basis of the information acquired from SIRE system and from other data sources used by ETS.
  • When the process is requiring the download of reports from the SIRE, a Ship Inspection report not older than six months from the evaluation date must be available in the OCIMF database.
  • Within the evaluation, following area of assessment are closely monitored: adherence to ETS Minimum & Selecting Criteria (MSC), SIRE non conformities, PSC and Flag State issues, Vessel Age profile, TMSA outcome, incidents history and past records.
Vessels Inspection
  • ETS inspections are carried out on the basis of the SIRE system only and by directly employed Inspectors supported by a worldwide network of about one hundred OCIMF SIRE Inspectors accredited for Oil-Gas-Chem Tankers inspection.
  • Inspections are scheduled on the basis of formal requests received by the Vessels Operator and confirmed when there is an interest by ETS in performing such inspection.
  • Confirmed Inspections are carried out in accordance with the in force OCIMF VESSEL INSPECTION QUESTIONNAIRE, and are aimed, inter alia, to verify the compliance with ETS & shipping S.p.A. Minimum and Selecting Criteria; the Report is uploaded in the OCIMF – SIRE database and dispatched to the Vessel Operator for their comments.
Management Review
  • ETS fully supports the TMSA (Tanker Management Self Assessment) programme and encourages those Vessels Operator that are actively participating to the system.
  • A formal internal process is utilised to perform Management Reviews, whereby the TMSA verification is part of the appraisal, in order to assess the quality of the Vessel Operators whose ships are currently under term contract with ETS or are more frequently employed on the Spot trade.
  • For other Operators, when a Management Review is not feasible, the assessment is performed on the ground of their TMSA and past track records.
Incidents Report Evaluation

  • ETS encourages Tanker Operators to submit reports of significant events occurred within their fleets.
  • A formal internal process is followed to review these reports, providing support to the screening and clearance activities in order to minimize delays.
  • The reports accuracy and notification promptness are considered within the evaluation process of the Vessels Operator.



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Last updated on 27/01/12