An Italian daily reports that SEARAH, a planned joint venture between Italy's Eni and Malaysia's Petronas, projects a net income of $2.7 billion by 2030.
The entity projects revenue of $6.7 billion by 2030.
The venture combines upstream gas assets in Indonesia and Malaysia to target the growing Asia-Pacific liquefied natural gas (LNG) sector.
SEARAH will manage 19 assets.
This portfolio features 14 assets in Indonesia and five in Malaysia.
The total asset valuation is approximately $27.3 billion.
A banking consortium is structuring an initial $6 billion credit facility.
This funding will support investments between 2026 and 2030.
The venture expects to begin operations by the end of June 2026.