Italian energy company Eni has announced the discovery of a large new natural gas reserve off the coast of Indonesia. According to the government, this find could allow the European firm to triple its production in the country by 2028. The discovery site lies about 70 kilometers off East Kalimantan province, containing an estimated 5 trillion cubic feet of gas and 300 million barrels of condensate, a liquid hydrocarbon. Eni said the new reserve will open an important supply route for both domestic and international markets.

Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia described the discovery as significant, projecting condensate production to reach 90,000 barrels per day by 2028 and 150,000 by 2029–2030. The government expects higher condensate output to reduce oil imports. The announcement comes as Indonesia faces rising global energy prices following conflict in the Middle East.

Recent diplomatic efforts by President Prabowo Subianto included meetings with Russia and France to secure oil supply and advance renewable energy cooperation, reflecting Indonesia’s broader push for energy security and self-sufficiency.