Eni Group discovers large offshore natural gas resources in Indonesia

Golden Ten Data reported on April 20 that Italian energy giant Eni has discovered a large offshore natural gas resource in Indonesia, which could help the country ease its imminent energy shortage. According to an email statement released by the company, Eni discovered 5 trillion cubic feet of natural gas and 300 million barrels of condensate at the Geng North-1 well in East Kalimantan. The company has a joint venture relationship with Petronas. According to data from the U.S. Energy Information Administration, Indonesia’s proven natural gas reserves in 2024 are 33.8 trillion cubic feet. This discovery comes at a time when Indonesia is facing declining natural gas reserves and rising demand, which may force the country to increase its natural gas imports. Although Indonesia is the world's sixth largest liquefied natural gas supplier, its net export volume dropped by around 50% between 2010 and 2025, according to data collected by Kpler.