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Indonesia holds potential to become world’s gas supplier

Indonesia has the potential to become a country that has a strategic position to meet world gas needs, President of SPA for Asia Pacific Region ENI, Ciro Antonio Pagano, has said.
Indonesia holds potential to become world’s gas supplier ảnh 1Illustrative image (Photo: Antara)
Jakarta (VNA) – Indonesia has the potential to become a countrythat has a strategic position to meet world gas needs, President of SPA forAsia Pacific Region ENI, Ciro Antonio Pagano, has said.

Speaking at the 4th International Convention on IndonesianUpstream Oil and Gas (ICIUOG) 2023 recently held in Nusa Dua, Bali, CiroAntonio Pagano said that the country's geographical position is considered verystrategic for world energy trade, especially gas and LNG.

According to him, position is strategic because it issurrounded by large buyers such as Japan, the Republic of Korea and China.

On the other hand, gas demand in the domestic market is alsohigh, making Indonesia also a potential gas market, he continued.

ENI, an Italian multinational energy company, is one of the companies that hasinvested heavily in Indonesia. Its seriousness was demonstrated through thecorporate action carried out in July 2023, when the company acquired Chevron'smanagement rights in the Indonesian Deepwater Development (IDD) oil and gasproject./.
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