Temasek's Pavilion Energy to supply small-scale LNG to Zhejiang Hangjiaxin
TEMASEK-OWNED Pavilion Energy has signed a term deal with China's Zhejiang Hangjiaxin Clean Energy Co to supply small-scale liquefied natural gas (LNG) from Singapore.
Up to 0.5 million tonnes per year of LNG will be delivered to Hangjiaxin from 2023, the Pavilion Energy said in a press statement on Tuesday (Dec 28).
The LNG will be delivered to a terminal in Zhejiang to be operated by Hangjiaxin - a joint venture between Jiaxing Gas and Hangzhou Gas.
Jiaxing Gas is the largest pipeline natural gas operator in Jiaxing, while Hangzhou Gas is Zhejiang's largest natural gas distributor, Pavilion Energy said.
With the agreement, Hangjiaxin will have its own terminal, offering its end users more clean energy options in the long run, said Hangjiaxin Clean Energy chief executive Sun Lianqing.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself