KEY POINTS
- Eni signed three long-term LNG supply agreements linked to gas projects in Indonesia.
- The contracts will supply about two million tons of LNG annually through the Bontang LNG facilities in East Kalimantan.
- Eni says the deals support its goal of exceeding 20 million tons per year of contracted LNG supply by 2030.
Italian energy company Eni has signed three long-term agreements to purchase liquefied natural gas, LNG, from Indonesia as part of efforts to expand its global LNG portfolio and strengthen energy supply to regional and international markets.
The agreements involve LNG supplies from the South Hub and North Hub gas projects in Indonesia, both operated by Eni, where the company holds an average participating interest of more than 80 per cent across the two hubs.
According to Eni, the agreements cover LNG volumes from gas development projects located in the Kutei Basin in Indonesia. The contracts are expected to deliver a combined supply of about two million tons per year (MTPA).
The LNG will be processed through the existing Bontang LNG facilities in East Kalimantan.
As part of the arrangement, one LNG production train that had remained inactive for several years will be reactivated to boost production capacity and maximize the use of Indonesia’s existing energy infrastructure.
Eni Targets Over 20 MTPA LNG Supply by 2030
The company said the new agreements will further diversify and strengthen its integrated global LNG portfolio as it works toward its target of exceeding 20 million tons per year of contracted LNG supply by 2030.
Eni noted that the agreements align with its integrated growth strategy, which combines gas exploration and production with efficient LNG infrastructure and access to global markets.
The company also emphasized Indonesia’s growing importance as a strategic supplier in the global energy market, particularly in supporting energy transition efforts through what it described as reliable lower-carbon energy supplies.
Eni has operated in Indonesia since 2001 and maintains a diversified upstream portfolio covering exploration, development, and production activities. The company currently records a net production of around 90,000 barrels of oil equivalent per day, mainly from the Jangkrik and Merakes offshore gas fields in East Kalimantan.
