Singapore: Pavilion Gas, a subsidiary of Singapore’s Pavilion Energy has signed a 10-year LNG deal with French oil giant Total.
Under the agreement, Total will supply 0.7m tonnes of LNG per year to Pavilion Gas from 2018.
"This long term sales agreement to deliver LNG to Asia, including Singapore, reinforces our strategy to expand LNG trade in this region," said Philippe Sauquet, head of gas and power at Total.
“This is an important development for Pavilion Gas as a regional LNG player in meeting the growing energy needs in Asia. This deal with Total strengthens Pavilion Gas’ LNG supply portfolio as it provides supply diversification from global LNG sources,” said Seah Moon Ming, chief executive officer of Pavilion Energy and Pavilion Gas. [06/06/14]