Singapore: Pavilion Energy, the LNG unit of Singapore’s Temasek Holding, plans to increase its investment in Asia terminals and infrastructures to further strengthen its LNG ambitions in the region.
According Seah Moon Ming, CEO of Pavilion Energy, the company will add more funds to its initial authorized capital of $1bn.
“We will acquire assets across the full LNG value chain by building strong relationships with key partners, investing and co-investing in gas acreage, liquefaction plants and assets, shipping and regasification,” Seah said.
"I can say with confidence that Singapore will devote itself into a major LNG trading hub soon in the region. I believe we have what it takes to attract growing LNG volume into Asia, and will be in a position to set LNG prices in the region," he added. [26/09/13]
