Chevron Signs 10-Year LNG Supply Agreement With Singapore's Sembcorp [Yahoo! Finance]
TechnipFMC plc Ordinary Share (FTI)
Last technipfmc plc ordinary share earnings: 4/22 04:15 pm
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Source: Yahoo! Finance
Per the terms of the agreement, Chevron will supply liquefied natural gas (LNG) to Singapore for more than 10 years, beginning 2028. Sembcorp mentioned that Chevron will provide approximately 0.6 million tons of LNG per year. In 2021, the Energy Market Authority assigned Sembcorp as a new LNG importer for Singapore, authorizing the company to import and sell regasified LNG in the market. The agreement with Chevron should allow Sembcorp to expand its LNG portfolio, thereby increasing its supply of piped natural gas and liquefied sources globally. This should also contribute to Singapore's energy security by diversifying its natural gas sources. Sembcorp aims to forge partnerships to strengthen its position and improve its capacity to support customers in Singapore. These collaborations enhance its ability to provide a secure and reliable supply of gas at a competitive cost, benefiting its customers. Sembcorp also mentioned that these strategic partnerships align with the broader go
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