Searah—Eni and Petronas’ joint venture—has begun developing a floating gas facility to process gas from its $11.8B North Hub project in Indonesia, per the Indonesian government. The initiative is a positive operational step toward bringing additional processing capacity online, though it is unlikely to be market-moving beyond the project/company-level near term.
Searah—Eni and Petronas’ joint venture—has begun developing a floating gas facility to process gas from its $11.8B North Hub project in Indonesia, per the Indonesian government. The initiative is a positive operational step toward bringing additional processing capacity online, though it is unlikely to be market-moving beyond the project/company-level near term.
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mildly positive
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0.15
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