Eni signed three Indonesian LNG agreements, boosting global supply portfolio and strengthening Southeast Asia’s strategic energy export role.
Italian energy major Eni has strengthened its presence in the global liquefied natural gas market by securing three LNG purchase agreements tied to Indonesia’s South Hub and North Hub gas developments. The agreements, signed with LNG sellers connected to the projects, mark another major step in the company’s strategy to expand its international LNG portfolio while reinforcing Indonesia’s importance as a key supplier to both regional and global energy markets.
The South Hub and North Hub projects are operated by Eni, which holds an average participating interest exceeding 80% across the two developments. The long-term agreements cover LNG volumes sourced from Eni-operated gas assets located in Indonesia’s Kutei Basin. Together, the contracts account for around 2 million tonnes per annum (mtpa) of LNG supply, adding significant scale to the company’s long-term energy business.
Eni highlighted that the agreements align closely with its integrated growth strategy, which combines upstream gas production, efficient use of LNG infrastructure, and expanded global market access. Through this approach, the company aims to meet rising energy demand across Asia and other regions while supporting the ongoing energy transition with lower-carbon fuel alternatives. LNG is increasingly viewed as a transition fuel because it produces lower emissions than coal and oil when used for power generation and industrial applications.
A major aspect of the initiative involves maximizing the use of Indonesia’s existing LNG infrastructure. The LNG cargoes linked to these contracts will be processed through the established Bontang LNG facilities in East Kalimantan. Eni also plans to reactivate one LNG processing train at the facility that has remained idle for several years. By reviving unused infrastructure rather than constructing entirely new facilities, the company intends to improve operational efficiency and reduce development timelines while enhancing production capacity.
The agreements are also expected to strengthen Eni’s broader global LNG portfolio. The company has set a target of exceeding 20 mtpa of contracted LNG supply by 2030, and the new Indonesian volumes will contribute significantly toward achieving that goal. The move reflects growing competition among major energy companies to secure long-term LNG supply amid rising global demand, particularly from Asian markets seeking cleaner and more reliable energy sources.
Indonesia remains a central pillar in Eni’s international upstream operations. The company currently records net production in the country of approximately 90,000 barrels of oil equivalent per day. Much of this output comes from the offshore Jangkrik and Merakes gas fields located in East Kalimantan, which continue to play an important role in supporting regional gas supply and LNG exports.
