Headlines
Eni plans to launch Petronas gas joint venture in 2026
Published by Global Banking and Finance Review
Posted on October 13, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 13, 2025
1 min readLast updated: January 21, 2026
Eni and Petronas plan to launch a gas joint venture in 2026, starting with 300,000 boe per day and aiming to expand to 500,000 boe.
LONDON (Reuters) -Italian oil major Eni is aiming to get its gas joint venture with Malaysia's Petronas up and running some time next year, group COO Guido Brusco said on Monday.
The firms announced they were pressing ahead with the project, to develop gas assets in Malaysia and Indonesia, earlier this year, though the timeline for launch was not clear, with Petronas saying it could take 1 to 2 years pending regulatory approval.
The project will produce 300,000 barrels per day of oil equivalent (boe), with plans to grow to 500,000 boe, Brusco said at an industry conference in London.
(Reporting by Reuters, writing by Robert Harvey; Editing by Kirsten Donovan)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.
Production capacity refers to the maximum output that a company can produce under normal conditions in a given period, often measured in units such as barrels per day.
Explore more articles in the Headlines category
