Financial Wire

Jadestone Energy to Supply Gas to Vietnam's Petrovietnam Unit

-- Jadestone Energy (JSE.L) finalized an agreement to supply gas from the Nam Du/U Minh discoveries offshore Vietnam to Vietnam's state-owned Petrovietnam unit PV Gas, according to a Monday release.

Under the gas sales and purchase agreement, the London-listed upstream company will deliver a daily contract quantity of 80 million standard cubic feet per day, with the maximum set at 110% and a take-or-pay obligation fixed at 90% of the volume.

The Nam Du/U Minh discoveries, which hold independently audited gross 2P reserves of 32 million barrels of oil equivalent, are expected to begin production in late 2028.

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Jadestone Energy to Supply Gas to Vietnam's Petrovietnam Unit | Financial Wire