Eni and Petronas launch Southeast Asia gas venture as Rome’s energy reshuffle advances

Eni and Malaysia’s Petronas have formally established Searah, a 50-50 joint venture that combines key gas assets in Indonesia and Malaysia, creating a new regional operator with ambitions to significantly expand production over the next three years

The move marks another step in the broader portfolio reshaping pursued by the Italian energy group under CEO Claudio Descalzi, as Eni deepens its focus on gas and scales up partnerships across strategic regions.

Why it matters:

• Searah gives Eni greater scale in one of the…