Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni’s global LNG portfolio and reinforce Indonesia’s role as a strategic supplier to regional and international markets.
The long-term agreements relate to LNG volumes coming from Eni operated gas development projects in the Kutei Basin and have cumulative volumes of approximately 2 million tons per year (MTPA). LNG will be supplied through the existing Bontang LNG facilities in East Kalimantan, including through the reactivation of one train that has been idle for several years, thereby maximizing the utilization of Indonesia’s existing energy infrastructure.
These additional LNG volumes will further diversify and strengthen Eni’s global integrated portfolio, supporting the company’s objective of reaching over 20 MTPA of contracted LNG supply by 2030.
The agreements confirm Eni’s integrated growth strategy, combining upstream gas development, efficient LNG infrastructure utilization, and global market access, while supporting the region’s growing energy needs and the energy transition through reliable lower carbon energy supplies.
Eni has been present in Indonesia since 2001 and holds a diversified upstream portfolio spanning exploration, development and production activities. Net production is approximately 90,000 barrels of oil equivalent per day, mainly from the Jangkrik and Merakes fields offshore East Kalimantan.
Source: Eni
