Monday, April 23, 2012

Petronas inks $2.75b gas deal with Keppel

Malaysia's state oil firm Petroliam Nasional (Petronas) has signed a US$2.2 billion ($2.75 billion) deal to supply an additional 43 million cubic feet a day of natural gas to a unit of Singapore conglomerate Keppel Corporation.

Keppel said in an announcement to the Singapore stock exchange late on Friday that the gas would be used to support the energy needs of its wholly owned subsidiary Keppel Energy.

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