India, Feb. 27 -- Eni S.p.A. (E), an Italian energy company, on Thursday announced that it has set to progress in detailed discussions of an exclusive Memorandum of Understanding for a joint venture with a Malaysian energy company Petroliam Nasional Berhad, also known as Petronas.
The joint venture holding company will oversee selected upstream assets in Indonesia and Malaysia. The financial terms were not disclosed.
The joint venture will invest in new gas projects to support the growing regional demand and energy transition efforts. The companies believe that the joint venture will drive strong growth in Malaysia and Indonesia.
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Eni and Petronas aim to...