Temasek's Pavilion Energy, Shell bag LNG supply deals
Singapore gas consumers will benefit from new and improved terms offered, says MTI's Iswaran
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Singapore
PAVILION Energy and Shell have been appointed to supply Singapore with the next tranche of liquefied natural gas (LNG) needed by power plants and industries here, in a development described by market observers as a significant win for both companies given the current supply glut.
The two companies - specifically Pavilion Gas and Shell Eastern Trading (Pte) Ltd - were selected on the basis of the reliability, flexibility and competitive pricing of their LNG supplies, said Minister for Trade and Industry (Industry) S Iswaran on Monday, noting that they also secured strong support from buyers.
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