Sembcorp Signs New Gas Sales Agreement

Source: www.gulfoilandgas.com 6/5/2023, Location: Asia

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Gas Pte Ltd, has signed a Gas Sales Agreement (GSA) with Medco E&P Natuna Ltd, a wholly-owned subsidiary of PT Medco Energi Internasional Tbk (MEDC), to import natural gas piped from the West Natuna gas fields in Indonesia at an estimated value of S$1.9 billion. The GSA is expected to be effective by the second half of 2023, conditional upon the necessary agreements to transport the new supply of gas. Delivery is expected to commence from 2024 for a tenure of four years.

The GSA supplements Sembcorp’s existing natural gas supply from piped and liquified sources, allowing it to maintain its position as Singapore’s leading natural gas importer. Sembcorp is committed to supporting Singapore with a stable and resilient supply of energy in its transition towards a net-zero future.

The signing of the GSA is in the ordinary course of business of Sembcorp and its performance is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2023.


Italy >>  6/12/2024 - Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces an acceleration of receipt of a portion ...
United States >>  6/11/2024 - Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced that construction of a thi...

United States >>  6/10/2024 - NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 me...
Azerbaijan >>  6/7/2024 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rovshan Najaf, President of the State Oil Company of the Az...

Kazakhstan >>  6/7/2024 - Alexey Miller, Chairman of the Gazprom Management Committee, and Sanzhar Zharkeshov, Chairman of the Management Board of NC QazaqGaz, today at the St....
Kyrgyzstan >>  6/7/2024 - A number of long-term contracts for natural gas supplies to the Kyrgyz Republic were signed between Gazprom Export and Gazprom Kyrgyzstan in the prese...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.