JAKARTA — Italian energy giant Eni has announced a “major” discovery of natural gas off Indonesia’s coast, which the government said would triple the European company’s production in the country by 2028.
The Southeast Asian archipelago already produces more gas than it uses, with rising demand for the commodity widely used for cooking, heating and electricity generation.
In a statement on Monday night, Eni said preliminary estimates indicated the site some 70 kilometers (43 miles) off the coast of central East Kalimantan province held about 5.0 trillion cubic feet of gas and 300 million barrels of condensate, a liquid hydrocarbon.