Keppel Corporation Limited wishes to announce that its
wholly-owned subsidiary, Keppel Energy Pte. Ltd. ("Keppel
Energy") has entered into a gas sales agreement with
Petroliam Nasional Berhad ("PETRONAS") to import an
additional 43 million cubic feet per day of natural gas from
their various supply networks. Based on historical oil
prices, the contract value is estimated to be about US$2.2
billion. The gas would be used to support the energy needs of
Keppel Energy's customers.
The above-mentioned agreement is not expected to have
material impact on the net tangible assets or earnings per
share of Keppel Corporation Limited for the current financial
year.
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