Temasek's Pavilion Energy, Shell bag LNG supply deals

Singapore

PAVILION Energy and Shell have been appointed to supply Singapore with the next tranche of liquefied natural gas (LNG) needed by power plants and industries here, in a development described by market observers as a significant win for both companies given the current supply glut.

The two companies - specifically Pavilion Gas and Shell Eastern Trading (Pte) Ltd - were selected on the basis of the reliability, flexibility and competitive pricing of their LNG supplies, said Minister for Trade and Industry (Industry) S Iswaran on Monday, noting that they also secured strong support from buyers.