Indonesia and Singapore gas supply deals set

Singapore`s SembCorp Industries says it has found buyers for all of the natural gas it has agreed to import from Indonesia.SembCorp will buy the gas from Pertamina, which is obtaining it through production-sharing contracts with Conoco Indonesia Inc., Gulf Resources (Kakap) Ltd., and Premier Oil Natuna Sea Ltd. The gas will be produced from Blocks A, B, and Kakap in the West Natuna Sea and transported via pipeline to Singapore (OGJ, Jan. 25, 1999, p. 44).In securing gas buyers, SembCorp made the surprise move of agreeing in principle to reallocate some of the gas from buyer Tuas Power to rival firm Singapore Power (SP). The reallocation was a result of Tuas Power`s decision to install onl...

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