Brief: Iev Holdings and Pt Rabana agree to a reduction of gas supply

Medi Lifestyle

17/01/2017 11:18

Jan 17 (Reuters) - Iev Holdings Ltd  IEVH.SI : 
    * Both company and Pt Rabana Gasindo Makmur have agreed to a 
reduction of gas supply in wake of low oil price environment 
    * Has successfully negotiated a gas off-take reduction to a 
minimum of 1.3 million mmbtu with Pt Rabana 
    * Company had secured a minimum 80% off-take of 2.7 million 
mmbtu of feed gas over a period of 40 months 
    * Amendment to supply agreement is not expected to have any 
material impact on consolidated earnings per share of group FY 
ending Dec 2017 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2v5R6R 
Further company coverage:  IEVH.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com))