Regional LNG: Sembcorp signs LNG SPA with Chevron

By Romel S. Gurky

Singapore firm Sembcorp Industries (Sembcorp) on Thursday announced that its wholly-owned subsidiary, Sembcorp Fuels (Singapore) Pte Ltd, has signed a Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. (Singapore Branch) (Chevron) to import up to 0.6 million tonnes of liquefied natural gas (LNG) per annum.

Read also : Release: Gas Sale Agreement signed with Sembcorp

The LNG delivery is expected to commence from 2028 for a tenure of 10 years.

 “The SPA will further strengthen Sembcorp’s existing natural gas supply portfolio from diversified piped and liquefied sources globally. As a key natural gas importer for Singapore, Sembcorp is committed to supporting the country with a stable and resilient supply of energy,” the company said.

Editing by Alexander Ginting