NuEnergy Gas Limited (AU:NGY) has released an update.
NuEnergy Gas Limited’s subsidiary, Dart Energy (Tanjung Enim) Pte Ltd, has signed a Heads of Agreement with PT Perusahaan Gas Negara Tbk for the sale of coal bed methane, marking a significant move towards clean energy utilization in Indonesia. This agreement paves the way for a 15-year Gas Sale and Purchase Agreement that aims to start gas deliveries within a year of signing. NuEnergy is positioning itself as a pioneer in Indonesia’s clean energy sector with a strategy to integrate its Production Sharing Contracts in South Sumatra into a hub for sustainable energy supply.
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