Empyrean Energy (GB:EME) has released an update.
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Empyrean Energy has signed a significant Gas Sale Agreement (GSA) with Sembcorp for the Mako gas field’s export to Singapore, securing the sale of its contingent resources until January 2037. The deal, ensuring the commercial viability of the Mako project, is a crucial step towards the development and production phase, with the potential to enhance gas supply to Singapore for over a decade. This milestone is critical for interested parties to evaluate the project’s value and timelines with greater certainty.
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