LNG

Sembcorp Industries has entered a Sale and Purchase Agreement (SPA) with Chevron to import up to 0.6 million tons of LNG per annum over ten years, starting from 2028. Sembcorp has two gas-fired cogeneration plants, producing 1,219 MW of electricity and 1,000 tonnes of steam per hour on Jurong Island, where a hydrogen-ready plant is also under development.

Qatar Gas Transport Co. (Nakilat), the state-controlled liquefied natural gas carrier company, said it plans to raise up to $4.3 billion from various sources to fund the building of 16 LNG carriers.