Eni expected to reach final investment decision for Indonesian gas projects next month

Italy's Eni is set to reach a final investment decision for its major gas projects by March. A new joint venture with Petronas will manage the developments.

Insights:
Indonesia IDID's upstream regulator, SKK Migas, has announced that Eni S.p.A. is expected to reach a final investment decision by next month regarding the development of the Geng North gas project and the Gendalo-Gendang gas project. This announcement, made on February 24, 2026, signals a critical milestone for the energy sector as the projects move toward a formal commitment.
FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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