Global Infrastructure Sherpa

Indonesia's PLN unit signs agreement to buy 830 LNG cargoes from Inpex's Abadi and Eni's South LNG hubs

Type: Supply Agreement · Technology: Gas · Country: Indonesia · Value: $48.5M · Announced: 2026-05-22

A unit of Indonesian state utility Perusahaan Listrik Negara signed heads of agreement with Italy's Eni and Japan's Inpex to purchase 830 cargoes of liquefied natural gas, totaling approximately 48.5 million metric tons, between 2027 and 2047. The agreement includes 37.5 million metric tons of LNG from Inpex's Abadi LNG hub in the Masela block over 15 years, starting in 2032. Additionally, 11 million metric tons of LNG will be supplied from Eni's South LNG hub from 2027 to 2037. This long-term supply deal aims to secure Indonesia's energy needs and diversify its gas sources, supporting the country's power generation infrastructure. The transaction underscores the strategic importance of LNG in Indonesia's energy mix and strengthens partnerships with international energy companies.

Analysis

A unit of Indonesian state utility Perusahaan Listrik Negara signed an agreement with Italy's Eni and Japan's Inpex to purchase 830 cargoes of liquefied natural gas, totaling approximately 48.5 million metric tons, between 2027 and 2047. Inpex, a Tokyo-based global oil and gas exploration and production company, will supply 37.5 million metric tons of LNG from its Abadi LNG hub in the Masela block over 15 years, starting in 2032. Eni, an integrated energy company operating in 64 countries, will supply 11 million metric tons of LNG from its South LNG hub from 2027 to 2037. The agreement includes a 15-year supply deal from Inpex's Abadi LNG hub and a 10-year supply deal from Eni's South LNG hub. The transaction was announced on 2026-05-22.

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