S'pore, RI to sign gas deal

S'pore, RI to sign gas deal

SINGAPORE (AFX-ASIA): Singapore Power said it will sign on Feb 12 a gas supply deal with Pertamina. The deal will be signed in Jakarta by Singapore trade and industry minister George Yeo and Indonesian minister for energy & mineral resources Purmono Yusgiantoro, it said.

"The sealing of the gas deal marks the culmination of the negotiations between PowerGas, a subsidiary of Singapore Power, and Pertamina," it said.

PowerGas, through a letter of agreement signed with Pertamina in Sept 1999, had agreed to import 2.27 trillion standard cubic feet of natural gas from the south Sumatran gas fields of Indonesia.

PowerGas unit Gas Supply will begin importing natural gas from south Sumatra by 2003, it said.