BAKU, Azerbaijan, May 22. Eni has signed three
long-term agreements with LNG sellers of the South Hub and North
Hub gas projects in Indonesia, both operated by the company with an
average participating interest exceeding 80% across the two hubs,
for the purchase of liquefied natural gas, Trend reports with
reference to Eni.
The contracts, linked to LNG volumes from Eni-operated gas
developments in the Kutei Basin, cover a total of approximately 2
million tonnes per year (MTPA). LNG will be delivered via the
existing Bontang LNG facilities in East Kalimantan, including the
reactivation of a previously idle production train, improving
utilization of Indonesia’s existing energy infrastructure.
The new agreements further strengthen Eni’s global LNG portfolio
and reinforce Indonesia’s position as a key supplier to regional
and international markets. They also support Eni’s strategic goal
of exceeding 20 MTPA of contracted LNG supply by 2030.
The deals reflect Eni’s integrated growth strategy, combining
upstream gas development, efficient LNG infrastructure use, and
global market access, while supporting energy security and the
energy transition through lower-carbon fuel supply.
Eni has operated in Indonesia since 2001 and maintains a
diversified upstream portfolio across exploration, development, and
production. Its net output stands at around 90,000 barrels of oil
equivalent per day, mainly from the Jangkrik and Merakes offshore
fields in East Kalimantan.
