Eni (E) Secures New Offshore Gas Hub Approvals in Indonesia

Eni SpA (E) , an Italian energy giant, has received approval from Indonesian authorities to develop two offshore fields, paving the way for a new gas and condensates production hub in the Kutei Basin off the coast of Indonesia. This move is set to enhance Eni's gas production capacity significantly. It also marks a strategic expansion of the company in the Asian market. New Production Hub in the Kutei Basin Eni's new venture involves the integrated development of the Geng North (North Ganal PSC) and Gehem ( ...