King & Wood Mallesons (KWM) has advised Sembcorp Gas Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), on a Gas Sales Agreement (GSA) with West Natuna Exploration Limited, Empyrean Energy PLC and Coro Energy Duyung (Singapore) Pte. Ltd..
The GSA is for the importation of piped natural gas (PNG) from the Mako gas fields in Indonesia. Gas delivery is anticipated to commence from 2026 and has an expected tenure of approximately 11 years.
This GSA extends the security of Sembcorp’s existing PNG supply beyond 2028 to meet the energy needs of Sembcorp’s customers.
KWM Singapore Partner David Phua led the deal, with support from Associate Kenneth Koh.
Commenting on the deal, David Phua, Partner, said: “We are delighted to have advised our long-term client Sembcorp on signing this agreement to import natural gas from Indonesia, allowing it to maintain its position as Singapore’s leading natural gas importer.”
“The gas sale agreement follows our role in acting for Sembcorp since its successful appointment in 2021 as a term LNG importer for Singapore and we are pleased to continue our on-going support for Sembcorp’s natural gas business.”
