Sembcorp Industries ( (SG:U96) ) just unveiled an announcement.
Sembcorp Industries has announced the termination of its Gas Sales Agreement with West Natuna Exploration Limited and partners due to the lack of regulatory approval in Indonesia. Despite this, Sembcorp assures that its energy costs and gas supply capabilities in Singapore will remain unaffected, as it will continue to utilize its extensive network of natural gas sources. The termination is not expected to materially impact the company’s financial performance for the year ending December 31, 2025.
More about Sembcorp Industries
Sembcorp Industries is a leading energy and urban development company, focusing on providing sustainable solutions across the energy and utilities sectors. It operates a diverse portfolio of energy assets and services, including natural gas and liquefied natural gas, with a significant presence in Singapore and other markets.
YTD Price Performance: 14.85%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.12B
For an in-depth examination of U96 stock, go to TipRanks’ Stock Analysis page.