The asset was closely linked to the Qatar gas project. So apparently, the strategy is no longer to be present end-to-end in the LNG logistic chain...
https://www.marketscreener.com/quote/stock/EXXON-MOBIL-CORPORATION-4822/news/Exxon-Mobil-to-sell-majority-stake-in-Italy-LNG-terminal-to-BlackRock-44979844/
Oh no not ESG Black rock, say it ain’t so.
Exxon wants minimum footprint in Europe. That is the leading strategy for EU facilities retention/disposal.
Hard to see how this will improve our relationship with the Qataris. Unfortunately our executives don’t know how to assign a value or benefit to relationships.