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Eni and Petronas plan a joint venture for LNG projects aiming to produce 500,000 barrels per day in Southeast Asia.
Italian energy company Eni and Malaysian firm Petronas plan to form a joint venture focusing on LNG projects in Indonesia and Malaysia, aiming to produce 500,000 barrels of oil equivalent per day.
The venture will manage around 3 billion barrels of oil equivalent in reserves and has potential to explore up to 10 billion more.
The final deal requires regulatory and partner approvals.
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Eni y Petronas planean una empresa conjunta para proyectos de GNL con el objetivo de producir 500.000 barriles por día en el sudeste asiático.