SINGAPORE, 4 June 2014 – Pavilion Gas Pte Ltd, 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 Gas prior to 2018.
"Pavilion Gas values this partnership with Total. This is an important development for Pavilion Gas as a regional LNG player in meeting the growing energy needs in Asia. This deal with Total strengthens Pavilion Gas' LNG supply portfolio as it provides supply diversification from global LNG sources." said Mr Seah Moon Ming, Chief Executive Officer, Pavilion Energy and Pavilion Gas.
"Total is delighted to build a key commercial relationship with Pavilion Gas,” 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.”
About Pavilion Energy
Pavilion Energy is a Temasek portfolio company.
The company is focused on the global LNG supply chain to provide clean energy to support economic growth and contribute to a sustainable future in the region, with a vision to be established as a preferred regional LNG player in Asia.
Pavilion Energy has incorporated Pavilion Gas as a wholly-owned subsidiary of Pavilion Energy, to manage gas operations in Singapore. It is also investing in the distribution and trading of LNG in the region.
Pavilion Energy 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.
For more information, visit www.pavilionenergy.com.sg.