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Exxon Mobil to sell its majority stake in Italy LNG terminal to BlackRock
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement. Exxon said in March it was considering selling its 70.68% interest in the offshore Adriatic LNG Terminal as part of a wider strategy to divest non-core assets. A subsidiary of QatarEnergy (22%) and Italian gas grid operator Snam (7.3%) own the remaining stakes of the terminal, approximately 9 miles (15 kilometers) off the Veneto coastline. The sale attracted interest from infrastructure funds and international groups as Italy is ... (full story)