
Skeletons & Closets
NOVAMONT OWNERSHIP
Versalis, a petrochemical company fully owned by Eni, holds a 25% stake in Novamont.
Novamont has also received financing from Versalis, including loans that the company has reportedly struggled to fully repay.
As a result of subsequent corporate restructuring, full ownership of Novamont was consolidated under Eni, bringing the company to 100% control within the Eni group.
Novamont has also benefited from significant public funding, including EU grants supporting the development of bio-based and circular economy technologies.
Some observers have raised questions about whether the overall structure of these transactions fully reflects standard market conditions, given the combination of intra-group financing and public subsidies in the sector.
GAZA GASFIELD
There are reportedly significant offshore gas reserves in the Gaza maritime area, and discussions have taken place over potential pipeline infrastructure to support their development and export.
Will Eni play any role in the future commercialisation of gas resources in the Gaza offshore area?
What is Eni’s current strategy in the Middle East, particularly regarding its evolving positions in Israel and its strong expansion in Egypt?
Could Eni potentially operate indirectly in relation to Gaza-related gas projects through its subsidiaries or infrastructure in Egypt, for example by participating in processing, liquefaction, or export activities linked to Egyptian energy facilities?