Pavilion Energy Singapore (formerly Pavilion Gas), a wholly-owned subsidiary of Pavilion Energy, has secured a total of 0.7 Million tonnes per annum (Mtpa) of liquefied natural gas (LNG) supply from Total Gas & Power Asia, a wholly owned gas and power trading company of Total Group (Total), for a period of 10 years starting from 2018. This is an increase of 0.2 Mtpa over the earlier agreed volume of 0.5 Mtpa which was made public last year. In addition, several LNG cargoes will also be supplied to Pavilion Energy Singapore prior to 2018.
"Pavilion Energy Singapore values this partnership with Total. This is an important development for Pavilion Energy Singapore as a regional LNG player in meeting the growing energy needs in Asia. This deal with Total strengthens Pavilion Energy Singapore' LNG supply portfolio as it provides supply diversification from global LNG sources." said Mr Seah Moon Ming, Chief Executive Officer, Pavilion Energy and Pavilion Energy Singapore.
"Total is delighted to build a key commercial relationship with Pavilion Energy Singapore,” said Mr Philippe Sauquet, President Gas and Power, Total. “This long term sales agreement to deliver LNG into Asia including Singapore, reinforces our strategy to expand LNG trade in this region and thus to meet the growing energy demand of this market.”
Note: As of 1 October 2019, Pavilion Gas has been renamed to Pavilion Energy Singapore.