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Tuesday, 02 December, 2008, 22:10 GMT | more >>

Sembcorp Gas strikes $5.5bn gas deal



By Upstream staff 

Singapore's Sembcorp Gas unit has signed a $5.5 billion gas sales agreement with UK player Premier Oil for gas from Natuna Sea Block A off Indonesia.

Under the deal, operator Premier and its partners Kufpec, Hess and Petronas, will supply Sembcorp Gas with 90 billion British thermal units per day of natural gas for 18 years.

Sembcorp Gas chairman Tang Kin Fei said in a statement: "Gas delivery is targeted to commence sometime between 2010 and 2011."

Sembcorp Gas added that the deal will come into effect once agreements to transport the extra gas via Indonesia's existing gas pipeline system are concluded. This is expected by the third quarter of 2008.


Tuesday, 15 April, 2008, 10:12 GMT  | last updated: Tuesday, 15 April, 2008, 10:13 GMT

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