Singapore-RI gas project registers full advance sales<\/p>\n
SINGAPORE (AFP): Singapore conglomerate SembCorp Industries on
\nMonday said the supply of gas from a multi-billion-dollar deal
\nwith Indonesia had all been bought up in advance by occupants of
\na major petrochemical complex here.<\/p>\n
SembCorp Industries, through its unit Sembawang Gas, is among
\nthe investors in an eight-billion-U.S-dollar venture that will
\nbring gas from Indonesia's West Natuna Sea gas field to Jurong
\nIsland off Singapore, which the government is developing into a
\nmajor petrochemical complex.<\/p>\n
The deal signed with Indonesia's state-run firm Pertamina in
\nJanuary allows Sembawang Gas to procure 325 million cubic feet
\n(9.75 million cubic meters) a day of gas from West Natuna to
\nJurong.<\/p>\n
\"We are progressing well here. The project is comfortably on
\nschedule and all 325 million standard cubic feet per day of this
\ngas has been sold\" in advance, said SembCorp Industries' chief
\nexecutive officer Wong Kok Siew.<\/p>\n
Wong was speaking at a ceremony to mark the construction of
\nSembawang Gas's receiving terminal and the opening of a utility
\nand waste management facility for 17 petrochemical companies on
\nJurong Island.<\/p>\n
\"Being the first commercial importer of natural gas into
\nSingapore, (Sembawang Gas) is able to contribute to the
\ndevelopment of this industry in Singapore by providing a cleaner
\nand more efficient source of fuel,\" he said.<\/p>\n
Another SembCorp Industries unit, SembCogen, will use the
\nnatural gas from the pipeline to supply electricity and steam for
\nJurong Island and electricity for the national grid, he added.<\/p>\n
Officials said SembCogen would begin using the gas from West
\nNatuna from April 15, 2000 and that there was no penalty for any
\ndelay in the delivery of gas until July 15, 2000.<\/p>\n
Wong said the projects involving Sembawang Gas, SembCogen and
\nthe utility and waste management facility represented investments
\nof more than one billion Singapore dollars (588 million US).<\/p>\n
Meanwhile, another unit of SembCorp Industries, Sembawang
\nEngineering Pte. Ltd., said it hoped to conclude a deal to
\nprovide gas to utility firm Singapore Power Ltd. within the third
\nquarter of the year.<\/p>\n
Singapore Power is the main supplier of electricity and piped
\ngas in Singapore.<\/p>\n
The petrochemical and chemical industries are a key component
\nof Singapore's manufacturing sector.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/singapore-ri-gas-project-registers-full-advance-sales-1447893297",
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