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  • ACTIVITIES AROUND THE WORLD
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  • ACCESSIBLE ENERGY

Our strategic presence in Asia Pacific

Panoramic night view of the Petronas Towers in Kuala Lampur, Malaysia

Our presence in Asia Pacific is guided by a long-term strategic vision, in line with the priorities of our business model. We have operated on the continent since the 1960s and are now present in numerous countries. The region’s growing importance reflects, on the one hand, the high demand for gas, driven by the need to reduce coal use (particularly in the Far East, a crucial area for the liquefied natural gas LNG market). On the other hand, opportunities are opening up for gas production directly in the area, in markets such as Indonesia and Malaysia. Here in particular, we apply our satellite model, strengthening our portfolio by creating independent companies focused on specific business areas with the ability to access capital markets autonomously. In this scenario, the diversification of activities contributes to energy security and stability. The region is also increasingly important for trading, biorefining, chemistry, bio-feedstock production for biofuels, and EPC (Engineering, Procurement and Construction) activities.

 

At the same time, in the countries where we operate, local activities include projects related to environmental protection, health and education.

Map with list of countries in which Eni is present in Asia Pacific
The infographic represents the Asia Pacific countries in which Eni is present with its business activities
Map with list of countries in which Eni is present in Asia Pacific
The infographic represents the Asia Pacific countries in which Eni is present with its business activities

A strategic hub for LNG and for the energy transition

Asia Pacific is characterised by rising natural gas demand and a key role for Liquefied Natural Gas (LNG), representing a market with significant opportunities for Eni. According to the IEA, Asia remains the primary driver of gas demand in the medium term; after a more muted 2025, growth is expected to pick up again in 2026 as new LNG supply comes on stream. The region is one of the world’s main hubs for the LNG market, with robust growth in regasification capacity (+40 bcm)1 and major liquefaction projects as reported in Eni’s World Energy Review, which tracks energy trends and developments. Eni’s strategy in the Asia–Pacific region is aligned with the corporate objective to increase the share of gas in upstream production to 60% by 2030. 

We operate along the entire value chain, from production to transport and marketing, also through Eni’s dedicated LNG Shipping fleet and the trading activities of Eni Global Energy Markets (EGEM). Given that in many countries in the area coal still accounts for over 60% of the energy mix, we contribute to the transition through broader use of gas, in line with local governments’ energy strategies and economic development plans.

Eni’s satellite model in Malaysia and Indonesia

By applying the satellite model, we leverage the various components of our portfolio with financially independent units. We are implementing the model already tested with Vår Energi in Norway, Azule Energy in Angola and Ithaca Energy in the United Kingdom, based on the concept of business combination, via the agreement with PETRONAS, which marks a further step forward in our efforts in the area. The agreement aims to integrate the two companies’ assets in Malaysia and Indonesia on a 50:50 basis, generating operating synergies and a high-value resource portfolio with significant future growth components. The project will leverage a combined exploration potential of around 1,400 billion cubic metres of gas, with significant impacts on local production, infrastructure and employment.

Development opportunities for biorefining and renewables

Asia Pacific is also a strategic area for the development of agri-feedstock supply chains, where Eni has already developed initiatives in Indonesia and Vietnam. Among Enilive’s projects to develop new biorefineries, progress continues at Pengerang (Malaysia) in joint venture with PETRONAS and Euglena, and at Daesan/Seosan (South Korea) in joint venture with LG Chem. Both are based on the Ecofining™ technology and will produce SAF (Sustainable Aviation Fuel) and HVO (Hydrotreated Vegetable Oil), thus supporting sustainable mobility.  In the area of renewables, which continue to grow globally at a strong pace with Asia Pacific as the main development area, we are present in Australia with the Katherine, Batchelor and Manton Dam photovoltaic farms. In the region, Eni also plans to develop projects for carbon capture and storage (CCS).

Our presence in Asia Pacific

Below is a selection of data on the potential of the gas portfolio in Asia Pacific.

~ 3 bn
boe

total gas reserves


500,000
boe/day

expected gas production in the mid term


10 bn
boe

exploration potential


850 bn

regasification capacity in Asia (WER, 2025)


16 mld

regasification capacity in Indonesia (WER, 2025)


~ 3 bn
boe

total gas reserves

500,000
boe/day

expected gas production in the mid term

10 bn
boe

exploration potential

850 bn

regasification capacity in Asia (WER, 2025)

16 mld

regasification capacity in Indonesia (WER, 2025)

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  • (1) WER data, World Energy Review 2025 (July)
Eni’s activities in Asia highlight integration along the entire value chain. Asia is a key area for our growth, where we continue to build a competitive and resilient industrial presence.
Claudio Descalzi Eni's Chief Executive Officer