Sembcorp Industries Sees GSA Terminated; Shares Down 3%

MT Newswires

2025/03/14

Sembcorp Industries (SGX:U96) said that its Gas Sales Agreement (GSA) signed by its wholly owned subsidiary, Sembcorp Gas, with West Natuna Exploration, Empyrean Energy and Coro Energy Duyung, was terminated.

The GSA was subject to regulatory approvals in Indonesia, which were not obtained, according to a filing with the Singapore Exchange on Thursday.

Following the termination of the deal, the company will continue to utilize its network of natural gas resources to meet demands.

Shares of the company were down over 3% in recent trading.

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