Sembcorp Industries inks 10-year LNG supply deal with Chevron's Singapore unit

Sembcorp Industries

05/12/2024 10:44

Dec 5 (Reuters) - Sembcorp Industries  SCIL.SI  on
Thursday said its unit, Sembcorp Fuels signed a deal with
Chevron USA's  CVX.N  Singapore unit to import up to 0.6 million
tonnes of liquefied natural gas (LNG) annually starting in 2028.
     The Singaporean state-owned energy and urban development
company said the deal will ensure a stable and diversified
energy supply for the city-state.
    "The signing of the sale and purchase agreement is in the
ordinary course of business and is not expected to have a
material impact on the earnings per share," the company said. 
    Shares of Sembcorp closed 2.73% higher at 1022 GMT.

 (Reporting by Roshan Thomas in Bengaluru; Editing by Tasim
Zahid)
 ((Roshan.Thomas@thomsonreuters.com;))