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Uniper LNG terminal stake sale talks causing concern

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LNG Industry,

According to the latest Reuters report, Uniper is in the advanced stages of talks with Australia’s First State Investments to sell its stake in an Italian LNG terminal. These transaction talks have reportedly caused a lot of concern in Rome over the sale of strategic assets.

Uniper holds a 48% stake in the OLT LNG terminal and Iren holds a 49% stake.

The Italian government has reportedly placed its LNG terminals on a list of strategic assets. This means it can exercise its ‘golden powers’ to protect them by imposing conditions to a deal, or block it altogether.

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