Sembcorp Gas, the wholly-owned subsidiary of Sembcorp Industries U96 , has signed a non-binding term sheet with West Natuna Exploration Limited, which is a wholly-owned subsidiary of Conrad Asia Energy.
The term sheet outlines the key terms and framework for a binding gas sales agreement (GSA) for the Mako gas field in Indonesia.
The signing is in the ordinary course of business for Sembcorp.
As at 12.35pm, shares in Sembcorp are trading 1 cent higher or 0.2% up at $5.07.
