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Sembcorp Industries inks 10-year LNG supply deal with Chevron's Singapore unit
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Sembcorp Industries inks 10-year LNG supply deal with Chevron's Singapore unit
Dec 5, 2024 2:53 AM

Dec 5 (Reuters) - Sembcorp Industries on

Thursday said its unit, Sembcorp Fuels signed a deal with

Chevron USA's Singapore unit to import up to 0.6 million

tonnes of liquefied natural gas (LNG) annually starting in 2028.

The Singaporean state-owned energy and urban development

company said the deal will ensure a stable and diversified

energy supply for the city-state.

"The signing of the sale and purchase agreement is in the

ordinary course of business and is not expected to have a

material impact on the earnings per share," the company said.

Shares of Sembcorp closed 2.73% higher at 1022 GMT.

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