Core Viewpoint - Eni Group is accelerating its expansion plans in Southeast Asia, aiming to launch a significant natural gas joint venture with Petronas by 2026, which could reshape the regional energy supply landscape and optimize energy production in both countries [1] Group 1: Joint Venture and Strategic Goals - The two state-owned energy giants announced plans to consolidate their upstream assets in Malaysia and Indonesia, with the new company expected to achieve a full-load production capacity of 500,000 barrels of oil equivalent per day [1] - The joint venture will hold approximately 3 billion barrels of oil equivalent in reserves and possess about 10 billion barrels of oil equivalent in exploration potential, highlighting its scale and long-term strategic value for Southeast Asia [1] Group 2: Impact on Energy Security and Employment - Petronas President Mohammad Taufik stated that this collaboration will "unlock new opportunities" and enhance energy security in Southeast Asia [1] - Eni Group's CEO Claudio Descalzi referred to the initiative as a "transformation benchmark," aiming to create jobs and new infrastructure in Malaysia and Indonesia through asset integration, expertise, and financing capabilities [1] Group 3: Future Operations and LNG Strategy - Eni Group's Chief Operating Officer for Global Natural Resources, Guido Brusco, confirmed that the project will commence operations next year upon receiving regulatory approval [1] - This project aligns with Eni's strategic goal to expand its liquefied natural gas (LNG) business, with natural gas expected to account for 60% of Eni's total hydrocarbon production by 2030 [1]