Weekly Recap: Cardon IV Venezuela gas risk and SeaSeaS CO2 stake purchase

Repsol SA (BME:REP) faces dual exposures as partner with Eni on the Cardon IV offshore gas project in Venezuela—raising project and geopolitical risk for traders—while its subsidiary Exolum, backed by Repsol SA, has completed a minority stake purchase in the SeaSeaS Amsterdam CO2 Terminal project.

Previous Week Recap

• Repsol SA Partner On Cardon IV: Repsol SA (REP) is a partner with Eni on the Cardon IV offshore gas project in Venezuela. Traders: note REP exposure to Venezuelan offshore gas development and project risk.
• Repsol SA Via Exolum Secures CO2 Terminal Stake: Repsol SA (REP) via subsidiary Exolum closed purchase of a minority stake in the SeaSeaS Amsterdam CO2 Terminal project; transaction finalized and involves Repsol as parent of buyer.

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