Medco, GSPL Sign Gas Sale & Purchase Agreement Extension to Singapore

By Editorial Team 07/11/2022
LNG Tanker and Terminal
Summary

PT Medco Energi Internasional Tbk (MEDC) has signed an agreement with Singapore to continue supplying the city-state with gas for five years, beginning August 2023. Reuters reported the agreement was signed between subsidiary Medco E&P Grissik Ltd and Singapore gas importer Gas Supply Pte Ltd (GSPL), according to a statement released by Pavilion Energy on Friday.

Singapore's Pavilion Energy works with GSPL to provide gas buyers with access to piped natural gas and liquefied natural gas. Last week, Indonesia's energy minister said that it would extend its gas supply contract to Singapore but that the distribution volume is expected to be lower. The current contract for piped natural gas via the Grissik-Batam-Singapore Pipeline is due to expire next year.

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