From our Singapore offices, we are currently able to cover the full range of LNG products required by the market. Starting from January 2018, all of the main commercial functions that make up the LNG Business Unit are present at the ETS branch in Singapore. As well as the LNG Business Development Far East unit, established in 2015, representatives of the Mozambique LNG unit and business development units have also joined the Singapore team in recent months.
Our work in Singapore
We have been trading in petroleum products in the Far East since 2010. We operate in Singapore in the Gas & Power and Refining & Marketing and Chemicals sectors.
From Singapore to the Pacific markets
We have opened the Singapore branch of Eni Trading & Shipping to capture the best international supply opportunities and to be able to offer the best possible services to Asian customers. In the lubrication sector, we operate in the country through a joint venture between Eni (22.5%), JX Nippon Oil (55%) and Singapore Petroleum Company. The JV was created in 2008 to operate the ENEOS Italsing plant that produces lubricants. The plant produces approximately 60,000 tons of finished lubricants per year, which are made available to the three proprietary partners and major third-party operators for sales in the Asia-Pacific region. Our plants in Singapore and Livorno enable us to supply almost all countries in the APAC area, including Australia, New Zealand and – through Eni Lubricants Trading Shanghai – China. We work with more than 100 commercial partners and have a sales volume of about 10,000 tons of finished lubricants per year. In the chemical sector, we took a further step in our internationalisation strategy in late 2017 by opening Versalis Singapore. The company is also present in the Asia-Pacific region with sales offices in Shanghai, Qingdao and Mumbai.
Read also on downstream activities and geopolitics
Selected content on this issue.