Eni seen close to final investment decision on Indonesia gas project

Both projects are located offshore in Indonesia's Kutei Basin, East Kalimantan province, within the Makassar Strait.

Indonesia has said that it expected the Geng North gas project to start production in late 2027.

Last year, Eni and Petronas signed an memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia, including Geng North and Gendalo-Gendang.

(Reporting by Fransiska Nangoy, Ananda Teresia; Editing by David Stanway)