ExxonMobil announced that it may sell its majority stake in the Rovigo liquefied natural gas (LNG) terminal, Italy’s main regasification terminal, as part of a larger strategy to get rid of its non-core assets.

The Italian main terminal is owned by Exxon’s subsidiary ExxonMobil Italiana Gas (70.7%), QatarEnergy subsidiary Qatar Terminal Company Limited (22%) and Snam Spa (SRG.MI) (7.3%).

Exxon stated that although it was confirming market interest, it had not yet made a decision regarding a potential sale and had not found a buyer.

“Tests like this are consistent with our focused investment strategy, highlighting our willingness to divest noncore assets to those who can derive greater value,” Exxon spokesperson Meghan Macdonald said.

The offshore terminal, managed by Italy’s Terminale GNL Adriatico, is located in the northern Adriatic Sea, about 15 km off Porto Viro in the Veneto region. The facility has recently had its regasification capacity expanded to 9 billion cubic meters of natural gas per year.

Any transaction would neither affect Exxon’s imports of LNG into the Adriatic LNG terminal, nor affect its interest in the Italian and European markets as a natural gas supplier, the company said.