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Pavilion Energy ventures into LNG transportation

S'pore firm forms JV with global maritime player BW Group

Singapore

TEMASEK-owned Pavilion Energy is venturing into yet another aspect of the global LNG business, namely liquefied natural gas transportation, with this resulting in the first Singapore-flagged LNG carriers.

The Singapore LNG player has entered into a multi-million dollar deal with global maritime player BW Group to form a joint venture - BW Pavilion LNG (with an initial paid-up capital of US$55 million) - to acquire, manage and charter maritime LNG assets, including LNG carriers. The JV is...

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