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Keppel Corp. : SGXNET: Gas Sales Agreement with PETRONAS

04/21/2012 | 03:40am US/Eastern
GAS SALES AGREEMENT WITH PETRONAS

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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