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Italy's Eni halts Australian sale after bids disappoint

Reuters - Italian oil and gas group Eni has put on hold the sale of Australian gas assets it values at around $1 B after they failed to attract satisfactory bids, two sources close to the matter said, confirming a press report.

One of the sources said offers had been well below what Eni had expected. News that the sale process had been halted was reported first by Italian daily MF.

The disposal of its Australian gas assets is part of Eni’s plans to sell non-core assets to raise cash after the global downturn triggered by the coronavirus pandemic, and its drive to focus on cleaner fuels.

 

Reporting by Giulio Piovaccari and Stephen Jewkes


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GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

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