Empyrean Energy Secures Major Gas Sales Deal
Company Announcements

Empyrean Energy Secures Major Gas Sales Deal

Empyrean Energy (GB:EME) has released an update.

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.

For further insights into GB:EME stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskEmpyrean Energy Launches Retail Share Offer in UK
TipRanks UK Auto-Generated NewsdeskEmpyrean Energy Secures Funds for New Oil Project
TipRanks UK Auto-Generated NewsdeskEmpyrean Energy Gains Strong Shareholder Support
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App