Sembcorp Boosts Energy Supply with Indonesian Gas Deal
Company Announcements

Sembcorp Boosts Energy Supply with Indonesian Gas Deal

Sembcorp Industries (SG:U96) has released an update.

Sembcorp Industries has secured a deal to import natural gas from Indonesia’s Mako gas fields, bolstering Singapore’s energy supply from 2026 for an estimated duration of 11 years. This agreement, which is expected to start in the first half of 2025, will extend Sembcorp’s gas supply stability past 2028. The deal is set to proceed following necessary approvals and decisions from the gas field stakeholders, and it will not significantly affect Sembcorp’s financial performance in 2024.

For further insights into SG:U96 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskSembcorp Settles Litigation with Lim Family
TipRanks Singapore Auto-Generated NewsdeskSembcorp Eyes Joint Venture in India’s Green Energy Shift
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App