Pavilion Energy eyeing European LNG markets in expansion push

Image courtesy of Singapore LNG Corp.

Temasek-owned Pavilion Energy is reportedly targeting European markets as well as expansion in Asia in a push to expand its global LNG footprint.

According to Reuters, the company expects a turnover of $3 billion next year with half the amount to come from its Europe portfolio after a recent acquisition and the rest from Singapore.

The company plans to open a new office in Madrid, as a next step following the acquisition of Spanish energy company Iberdrola’s LNG assets, which doubled Pavilion’s portfolio and gave it access to European regasification terminals as well as Atlantic supplies.

The company’s activity in Asia will, for the most part, come out of Singapore due to its proximity to buyers in Japan and South Korea.

Pavilion is currently in talks with its compatriot LNG terminal operator Singapore LNG to extend the capacity contract at the terminal beyond March 2020 when the current deal is set to expire.

Pavilion also showed interest for a potential fifth LNG storage tank being considered by Singapore LNG, which would allow Pavilion to import large cargoes, break them up and re-export to neighboring countries.


LNG World News Staff

Share this article

Follow LNG World News


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >