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Pavilion Energy to start small-scale LNG business in South-east Asia
PAVILION Energy plans to start small-scale liquefied natural gas (LNG) solutions in South-east Asia, and has already started discussions with several partners in markets such as Indonesia and the Philippines.
Its CEO Seah Moon Ming said this at the 7th LNG Asia Pacific Summit on Tuesday as he outlined a trend towards small-scale LNG solutions in recent years.
In the past five years, 65 per cent of all contracts were signed for volumes below one million tonnes a year, and some European terminals have started to offer LNG bunkering, truck loading, re-exports and small-scale services, he said.
In South-east Asia, which has many small and remote islands with inhabitants requiring power, it makes sense to use small vessels of 10,000 cubic metres in capacity - carrying about 0.05-0.5 million tonnes a year of LNG - to make deliveries across various locations.
Since its launch in 2013, Pavilion Energy, a unit of Temasek Holdings, has taken a stake in gas fields in Tanzania, secured LNG supply from the US and also signed various portfolio LNG supply contracts.