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Eni Trading & Shipping SpA- Notice of proposed transfer of a gas shipper licence to Eni Global Energy Markets SpA

Notice under section 8AA(9) of the Gas Act 1986 (as amended) of the proposed transfer of a Gas Shipper licence held by Eni Trading & Shipping SpA to Eni Global Energy Markets SpA

The Gas and Electricity Markets Authority (‘the Authority’) hereby gives notice pursuant to Section 8AA(9) of the Gas Act 1986 (as amended) (‘the Act’) as follows:

1. Eni Trading & Shipping SpA (company registration number RM1174612 and fiscal code 09598861004), the registered office of which is 1 P.Le Enrico Mattei, Roma, 00144, Italy, has written to the Authority seeking its consent under Section 8AA of the Act  to the transfer of the Gas Shipper licence granted to Eni Trading & Shipping SpA pursuant to section 7A(2) of the Act to Eni Global Energy Markets SpA (company registration number 11076280962), the registered office of which is at 1 P.Le Enrico Mattei, Roma, 00144, Italy.

2. The Authority proposes to grant consent to the proposed licence transfer which, subject to our consent, is currently proposed to take place on 1 January 2021, for the following reasons:

(i) Eni Trading & Shipping SpA has applied to the Authority under Section 8AA of the Act for the Authority’s consent to the transfer of its gas shipper licence to Eni Global Energy Markets SpA; and

(ii) The Authority is satisfied that it would have been appropriate to grant a Gas Shipper licence to Eni Global Energy Markets SpA had Eni Global Energy Markets SpA applied to the Authority for such a licence and as such considers that it is appropriate to consent to a transfer of an existing Gas Shipper licence to Eni Global Energy Markets SpA.

3. Any representations or objections in relation to the proposal by the Authority to grant consent to the proposed licence transfer should be made in writing no later than 17 November 2020 to the Authority, either:

by post to: the Gas and Electricity Markets Authority at 10 S Colonnade, Canary Wharf London, E14 4PU marked for the attention of the Industry Codes and Licensing team or by email to: licensing@ofgem.gov.uk.

Lesley Nugent

Duly authorised on behalf of the Authority