Criterium Energy Signs Long-Term Gas Sales Agreement with PT Perusahaan Gas Negara

Criterium Energy Ltd. (TSXV: CEQ) has signed a binding long-term gas sales agreement with PT Perusahaan Gas Negara (Perseo) Tbk for its SE-MGH project in Southeast Asia.

The agreement provides Criterium with a contracted market for natural gas production from the Tungkal PSC through to 2040, offering price certainty and visibility over future cash flows.

Construction of the SE-MGH pipeline is progressing at approximately 85% completion, with first gas expected in September 2026. The project will enable production of 5-8 mmcf/d and provide contracted cash flow to support balance sheet improvement and growth.