Pavilion Energy, ExxonMobil Join on Singapore LNG Bunkering
Pavilion Energy Pte Ltd (Pavilion) and Exxon Mobil Corp. (ExxonMobil) will work together to develop liquefied natural gas (LNG) bunkering in Singapore, as well as other downstream projects, reports the Straits Times. Both companies will also look at developing other downstream projects here, said Pavilion Energy chief executive Seah Moon Ming. The downstream sector typically refers to the processing and selling, or distribution of gas. Seah said that the collaboration is aimed at establishing and fine-turning LNG bunkering procedures, starting with truck-to-ship deliveries. "This initiative will also help test and improve the safety and operational standards for LNG bunkering in Singapore…
BP, Pavilion Ink Long-Term LNG Deals
Pavilion to buy 0.4 mln tpy LNG from BP for 20 years. Aims to become a global LNG firm in medium to long term. Working with SGX, regional govts on LNG price marker. Singapore's Pavilion Energy said it had signed two long-term contracts to buy liquefied natural gas (LNG) for trading and supply to Asia, adding to a previous contract as the state-owned firm seeks to become a global supplier. Pavilion Energy said in a statement on Wednesday its wholly owned subsidiary Pavilion Gas Pte Ltd had struck a deal with BP under which the British company will supply it with 0.4 million tonnes per year (tpy) of LNG for 20 years from 2019. It did not say how much Pavilion would pay for the LNG.
