(EnergyAsia, April 24 2012, Tuesday) — Singapore’s Keppel Corporation Limited said its wholly-owned subsidiary, Keppel Energy Pte Ltd, has signed an agreement with Malaysia state energy firm Petronas to import an additional 43 million cubic feet per day (mmcf/d) of natural gas.

Based on historical oil prices, Keppel Energy said the additional supply, worth about US$2.2 billion, would be used to support the energy needs of its customers.

Petronas signed its first contract to supply up to 120 billion British Thermal Unit (Bbtu) per day or up to 115 million standard cubic feet (mmscf) per day of natural gas to Keppel Energy in 2005. The gas started flowing in mid-2006 for a period of up to 18 years.