four new gas-fired power stations over the next two years
$Sembcorp Ind (U96.SG)$ Conrad Asia Energy has taken a key step forward towards developing its Mako gas field in the West Natuna Sea, offshore from Indonesia, with the signing of a binding gas sales agreement with Singaporean utility Sembcorp Gas.
This is hugely significant for Singapore as it is relies on gas for 95% of its power needs and is scheduled to build four new gas-fired power stations over the next two years.
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