Empyrean Energy (GB:EME) has released an update.
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Empyrean Energy has announced a significant milestone in the commercialization of the Mako gas field by signing a binding Gas Sales Agreement (GSA) with Indonesia’s largest gas company, PT Perusahaan Gas Negara (PGN). This agreement, which pertains to the domestic sale of gas, is a key component of Empyrean’s strategy to meet Indonesia’s increasing energy demands and is part of a broader initiative to double the country’s gas production by 2030. Furthermore, negotiations are ongoing for a separate GSA for exporting the remainder of the Mako gas to Singapore, with a non-binding Term Sheet already in place from the previous year.
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