By Marc Navarro Gonzalez 
 

Italian energy company ENI SpA (ENI.MI) on Wednesday said that it has won a 100% participating interest in the East Ganal deepwater exploration block in Indonesia's Kutei Basin.

Eni said the project will allow for more availability and flexibility in the supply of gas both for the Indonesian market and for export. The project will also help strengthen Eni's position in the liquefied natural gas market in Asia, it said.

The East Ganal exploration block has an area of about 5,100 square kilometers, the company said.

Eni said it now holds working interests in 14 exploration and production assets in Indonesia.

 

Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com

 

(END) Dow Jones Newswires

May 02, 2018 04:15 ET (08:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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