Pavilion diversifies LNG supplies further with BP deal
TEMASEK'S liquefied natural gas (LNG) investment arm Pavilion Energy has made further progress in diversifying and strengthening overall supply of its LNG portfolio.
Announced by Pavilion Energy's chief executive officer Seah Moon Ming, under its wholly-owned subsidiary Pavilion Gas, they have sealed a 20-year contract with UK oil and gas company BP, under which the latter will supply it with 0.4 million tonnes per annum (mtpa) of LNG beginning 2019.
This announcement comes just three months after Pavilion Gas inked a 10-year deal to receive 0.7 mtpa of LNG from France-based international oil and gas company Total beginning 2018, and a year since the official start of the unit's operations in September 2013.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SAP extends CEO Klein’s contract until 2028
Paragon Reit posts 3% rise in Q1 gross revenue to S$73.8 million
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Singapore Airlines orders 1,000 tonnes of sustainable aviation fuel from Neste
Reits lead gainers on Monday as STI climbs 0.3%
Singapore battles to revive struggling stock market