Key facts: Venture Global, Eni secure gas supply deals; Eni expands in Indonesia; Eni, Petronas, Euglena to build biorefinery
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Venture Global has secured 20-year gas supply agreements with Eni, totaling 5.25 million tonnes per year, starting in late 2025. Eni is also involved in a joint venture in Indonesia, discovering over 15 trillion cubic feet of gas, increasing total resources to 50 trillion cubic feet. Additionally, Eni, along with Petronas and Euglena, is building a biorefinery in Malaysia to process 650,000 tonnes of renewable feedstock annually, expected to begin operations in late 2028.
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