Indonesia Makes Major Gas Discovery in Effort to Boost Output

Italian energy major Eni SpA made a large offshore gas discovery in Indonesia, potentially helping the Southeast Asian nation’s effort to curb a looming deficit.

Eni estimated resources found at the Geliga-1 well off East Kalimantan province at 5 trillion cubic feet of gas and 300 million barrels of condensate, according to an emailed statement from the company, which has a joint venture with Malaysia’s Petroliam Nasional Bhd, or Petronas. Indonesia had 33.8 trillion cubic feet in proven gas reserves in 2024, according to the US Energy Information Administration.