Italian Company Eni to Sponsor Gas Field Development in Indonesia
Italian energy company Eni plans to invest $10 billion in the development of offshore gas fields in Indonesia’s East Kalimantan province, according to Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia.
“The proposed investment of ten billion dollars in East Kalimantan will be directed toward the development of offshore natural gas fields in the Makassar Strait region, specifically the Jangkrik and Merapas fields,” the minister was quoted as saying by Antara News Agency.
According to the Ministry of Energy and Mineral Resources, the Italian oil and gas company plans to commence production at the two adjacent fields in 2027, which will boost gas supply to meet both domestic and export market demands.
Eni operates in 64 countries with a workforce of over 31,000 employees. The company is engaged in the exploration, development, and production of oil and natural gas, as well as refining, marketing, trading, and transportation of raw materials, along with operations in renewable energy.
