• Completed transaction with Iberdrola on 1 January 2020
   
• Commenced Europe LNG and gas operations with new office in Spanish capital, Madrid

Pavilion Energy Pte Ltd welcomed the 2020s with the 1st January completion of the transaction to acquire Iberdrola’s portfolio of LNG and gas assets, and the launch of its Europe operations. From its new European headquarters in Madrid, Pavilion Energy formally commenced LNG trading operations and natural gas supplies into UK and Spain.

As of 1 January 2020, Mr José Simón, formerly the Head of Global Gas at Iberdrola, was appointed Managing Director of Pavilion Energy for Europe. Mr Simón will oversee the organisation’s European gas trading and global LNG portfolio management & origination business divisions. Concomitantly, Mr Alan Heng was appointed Managing Director for Asia, in addition to his current role as Head of the Energy Sales & Market Development division. Both Managing Directors will establish operations in their corresponding regions and strengthen the organisation’s global processes.

“We are delighted to celebrate this milestone that positions Pavilion Energy as a global energy business. We warmly welcome José and our new joiners in Madrid,” said Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy, “We are pleased to have achieved such a seamless transition in close partnership with Iberdrola and with the great support of our many stakeholders. I look forward to working with José and Alan to drive our global organisation and implement our vision.”