Eni (E) Sells 49.99% Stake in Eni CCUS Holding

Eni S.p.A. (NYSE:E) is included among the 11 Best Performing Energy Stocks in 2025.

Eni S.p.A. (NYSE:E) operates as an integrated energy company in Italy, the United States, Europe, Asia, Africa, and internationally.

Eni S.p.A. (NYSE:E) announced on December 18 that it has closed the sale of a 49.99% stake in Eni CCUS Holding to Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock. Eni CCUS Holding is a leading global player in the carbon capture and storage business and is a fundamental part of the Italian giant’s energy transition strategy. It operates the Liverpool Bay and Bacton projects in the UK, each targeting 10 million tons annually by 2030. Moreover, it operates the five-million-ton-per-year L10 project in the Netherlands. First revealed in August, the deal states that Eni and GIP now hold joint control of Eni CCUS Holding, further enhancing its growth potential.

In other news, Eni S.p.A. (NYSE:E) received a boost on December 9 when the company revealed that it had made a significant gas discovery off the eastern coast of Indonesia’s part of Borneo island. According to the energy giant, preliminary estimates indicate a gas volume of 600 billion cubic feet across the four reservoirs along the well trajectory, with potential upside exceeding 1 trillion cubic feet. With natural gas prices witnessing gains of over 21% this year, the discovery provides a major boost to the Italian company and gives it confidence to continue the planned exploration drilling campaign.

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