Key highlights
- Eni signed three long-term agreements to purchase about 2 MTPA of LNG from its Kutei Basin developments.
- LNG will be shipped via Bontang LNG in East Kalimantan, including reactivation of one idle train to boost existing infrastructure utilization.
- Eni holds an average >80% participating interest across South Hub and North Hub and targets over 20 MTPA contracted LNG supply by 2030; net upstream production is ~90,000 boe/d from Jangkrik and Merakes.
Agreements
Eni signed three long-term purchase agreements for LNG volumes from its operated South Hub and North Hub gas developments in the Kutei Basin.
Volumes and delivery
The contracts cover about 2 million tonnes per year and foresee deliveries via the existing Bontang LNG complex in East Kalimantan, including reactivation of one train that has been idle to increase utilization of current infrastructure.
Participation and targets
Eni holds an average participating interest above 80% across the two hubs; the additional volumes contribute toward the company’s stated goal of exceeding 20 MTPA of contracted LNG supply by 2030.
