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Eni Secures 2 MTPA Indonesian LNG Supply in Global Portfolio Push

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Eni (E) signed three long-term agreements to supply liquefied natural gas from its operated South Hub and North Hub gas projects in Indonesia, strengthening its global LNG portfolio, the Italian energy firm said on Thursday.

The agreements cover LNG volumes totaling around 2 million metric tons per year from Eni-operated developments in the Kutei Basin, where Eni holds an average participating interest of over 80%.

LNG will be supplied through existing infrastructure at the Bontang LNG Terminal, including the reactivation of one production train that has been idle for several years, improving the utilization of existing assets.

Eni said the deals reinforce its strategy to expand integrated LNG supply and support its target of over 20 MTPA of contracted LNG volumes by 2030.

The company currently produces about 90,000 barrels of oil equivalent per day in Indonesia, primarily from its offshore Jangkrik and Merakes fields.

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