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State-owned YPF is moving forward with a major $20 billion LNG project, targeting a 2026 investment decision, while partner Shell has withdrawn from a separate, downsized LNG initiative.
Italian energy firm Eni S.p.A. has entered a decade-long agreement to supply liquefied natural gas (LNG) to Thailand's Gulf Development Company, significantly expanding its footprint in the Asian energy market. The deal secures a new supply line for Thailand's growing power sector, reinforcing Eni's strategy to build its global LNG portfolio.
Italian energy firm Eni announced a significant natural gas discovery in the Kutei Basin, offshore Indonesia, with initial estimates placing the reserves at 600 billion cubic feet (Bcf). The find, located near existing infrastructure, allows for accelerated development and reinforces the company's exploration strategy in the region.
Kazakhstan's government anticipates a year-end legal decision on the Karachaganak energy project, creating significant uncertainty for international partners Shell, Chevron, and Eni. The outcome could set a major precedent for foreign investment risk in the region.
Maurel & Prom, in a consortium with BW Energy, has agreed to acquire interests in two offshore Angolan oil blocks from Azule Energy for a base consideration of $195 million, signaling a strategic consolidation in the region.
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