Singapore to import gas from Indonesia

May 16, 1997 02:00 AM

May 1, 1997 Singapore will start importing piped natural gas from Indonesia under an agreement between a consortium of Singapore companies and Indonesia's Pertamina. It said the consortium plans to import 325 mm cfpd of natural gas for an initial 22 years, and this is equivalent to about $ 300 mm worth of natural gas a year.
A giant 480-km underwater pipeline will be built to transport the gas with first delivery expected in the year 2000, it said, adding that a final "gas sales agreement" is expected to be signed later this year
Led by Sembawang Engineering and Construction (Sembec) consortium members include Tuas Power Pte Ltd and the EDB Investments, a subsidiary of the government Economic Development Board. It was understood that the Sembec and EDB Investments will together hold a majority stake, while the respective stakes to be taken by the members are still being worked out.
Singapore currently imports 150 mm cf of natural gas per day from Malaysia to fuel its power stations under a 15-year contract which expires in 2007.

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