SINGAPORE, 24 September 2014 – Pavilion Gas Pte Ltd, a wholly-owned subsidiary of Pavilion Energy, has secured a total of 0.4 Million tonnes per annum (Mtpa) of liquefied natural gas (LNG) supply from BP for a tenure of 20 years starting from 2019. The LNG supply will come from BP’s stakes in Freeport LNG, Houston, United States and its global portfolio supply.
"We are delighted to collaborate closely with BP. The conclusion of a long-term agreement with BP, which involves LNG supply from the US, is another significant development for Pavilion Gas. This deal is part of our continued effort to enhance and diversify our LNG portfolio to deliver sustainable and competitive LNG supply to Asia," said Mr Seah Moon Ming, Chief Executive Officer, Pavilion Energy and Pavilion Gas.
Paul Reed, Chief Executive of BP Integrated Supply and Trading, said: “We welcome Pavilion Gas as a valued new partner in the LNG industry and are very pleased to conclude this agreement. We look forward to working closely with each other on its successful implementation. Supply will be from BP’s global portfolio of equity and merchant sources of LNG. This includes the Freeport LNG Project in the USA, where BP holds tolling rights and which is expected to reach a final investment decision before the end of 2014.”
About Pavilion Energy
Pavilion Energy is a Temasek portfolio company set up to provide clean energy to support growth and contribute to a sustainable future in the region, including Singapore. Pavilion Energy is a regional LNG company with a vision of being a global LNG company in the mid to long-term. The company has a committed capital of US$6.9 billion.
With a global outlook and Asian roots, Pavilion Energy is uniquely placed to pursue partnership opportunities and new prospects around the region. Pavilion Gas is a wholly-owned subsidiary of Pavilion Energy that was incorporated to manage downstream natural gas operations for both PNG and LNG in Singapore. Pavilion Gas is also responsible for the marketing, trading and distributing of natural gas in Singapore and the region.
For more information, visit www.pavilionenergy.com.sg.