Pavilion Energy, Petronas join forces in LNG trading

For illustration only (Image courtesy of MISC)

Singapore-based Pavilion Energy, a Temasek company, signed a deal with Malaysian state-owned Petronas to collaborate in the liquefied natural gas (LNG) business.

Under the memorandum of understanding signed on March 30, Pavilion Gas and Petronas LNG, both units of the two companies, will collaborate on the supply and optimization of LNG business, including spot trading and cargo swaps.

The two companies will also look at joint efforts relating to LNG import terminal and storage facilities, a joint statement reads.

Petronas’ executive VP and CEO Upstream, Datuk Mohd Anuar said the company’s strong presence in the integrated LNG value chain and diversified portfolio, together with Pavilion’s position as one of the LNG aggregators in Singapore, would allow both companies to leverage on each other’s strengths to create value and growth in the region.

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >