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>

<< Apr 2020 >>
MTWTFSS
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 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >