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Progress on a large, value-bearing gas project can lift sentiment around Eni's gas business and could modestly improve valuation via higher expected future cash flows; the magnitude depends on subsequent milestones and production timing, with historical projects showing 6–18 month upside as milestones are reached.
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Eni and Petronas' Searah joint venture has started developing a floating gas facility to process gas from Indonesia's North Hub, a project valued at $11.8 billion. The move enhances Eni's gas portfolio and could boost near-term cash flow once the facility ramps, though no production timeline has been provided.
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