Pavilion Energy eyes role in LNG project backed by Russian tycoon

Singapore

TEMASEK-INVESTED Pavilion Energy is mulling over a role in the US$25.5 billion liquefied natural gas (LNG) project dubbed Arctic LNG 2, to be developed by Russia's largest independent gas producer, Novatek.

This is one potential area for collaboration outlined in an agreement signed by chairman of Novatek's board and Russia's second richest man, Leonid Viktorovich Mikhelson, and Pavilion Energy's group CEO, Frederic Barnaud.

This deal, signed on the sidelines of Russian President Vladimir Putin's visit here, called on Pavilion Energy to evaluate participation in, a…