KUALA LUMPUR: Genting Oil & Gas Ltd (GOGL), via its wholly owned indirect subsidiary Genting Oil Kasuri Pte Ltd (GOKPL) signed a gas sale and purchase...
KUALA LUMPUR: Genting Oil & Gas Ltd , via its wholly owned indirect subsidiary Genting Oil Kasuri Pte Ltd signed a gas sale and purchase agreement with a subsidiary of PT Pupuk Indonesia - PT Pupuk Kalimantan Timur - at the 4th International Convention on Indonesian Upstream Oil & Gas 2023 in Bali, Indonesia today.
However, the GSA is dependent on certain conditions to be fulfilled by both parties. In the event the GSA becomes effective, the expected commencement date of the supply of natural gas to the Amurea plant will be on Nov 1, 2028. The total volume of natural gas produced under the GSA over the course of 17 years is forecasted at 572.22 million mmbtu. Meanwhile, the FLNG project is expected to achieve first drop of LNG in the first half of 2026.
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