Pavilion Energy inks MOU with Petronas to explore supply of LNG from Malaysia

Singapore

TEMASEK-BACKED Pavilion Energy is tying up with Malaysia's national oil company Petronas to explore the long-term supply of liquefied natural gas (LNG), potentially expanding the volumes of Singapore's natural gas imports from Malaysia.

Under a memorandum of understanding (MOU) signed on Thursday evening, both the companies will also look to collaborate on LNG spot trading and cargo swaps. In the latter, this potentially includes Pavilion Energy sending a cargo to Petronas's receiving terminal in Malacca or elsewhere, and receiving a cargo from Petronas elsewhere.