Total, Pavilion Energy sign 10-year LNG agreement
PARIS -- Total has signed a 10-year LNG sale and purchase agreement with Pavilion Gas, a subsidiary of Pavilion Energy, for the supply of 0.7 Mtpa of LNG to Asia, including Singapore, starting in 2018.
In addition, several LNG cargoes will be supplied prior to 2018. This LNG will be sourced from Total’s global LNG Portfolio.
“Total is delighted to build a key commercial relationship with Pavilion Gas,” said Philippe Sauquet, President Gas and Power, Total. “This long-term sales agreement to deliver LNG to Asia, including Singapore, reinforces our strategy to expand LNG trade in this region and thus to meet the growing energy demand of this market.”
"Pavilion Gas values this partnership with 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, CEO, Pavilion Energy and Pavilion Gas.