Singapore conglomerate Keppel Corp. Ltd. said that unit Keppel Energy Pte. Ltd. has entered into a gas sales agreement with Petronas to import an additional 43 million cubic feet per day of natural gas from their various supply networks.
In a filing to the Singapore Exchange late Friday, Keppel said that based on historical oil prices, the contract value is estimated to be about US$2.2 billion.
The gas would be used to support the energy needs of Keppel Energy's customers, it said.
