Indonesia’s Medco Energi extends GSA with Singapore's Gas Supply
Indonesia’s Medco Energi Internasional has signed a gas sales agreement (GSA) with gas importer Gas Supply (GSPL) to continue supplying gas to Singapore from the Corridor production sharing contract in South Sumatra, GSPL said on November 4.
“We are grateful for the continuous support from the government of Indonesia for the gas supply allocation approval for the Corridor PSC to GSPL. Following the acquisition of the Corridor PSC we believe we can continue to supply gas to meet both domestic and international demand,” president director of MedcoEnergi, Hilmi Panigoro, said.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
GSPL’s CEO Alan Heng said that since 2003, the GSA has been mutually beneficial for both Singapore and Indonesia.
“With the GSA extension, GSPL will continue to meet our customers’ gas needs reliably. I look forward to continuing working with our Indonesian counterparts to deepen our energy cooperation,” Heng said.
The agreement will be effective from August 2023 and valid for five years.