Singapore’s Pavilion Energy, a subsidiary of Temasek, said it has signed a deal to buy liquefied natural gas from energy giant BP.
Pavilion Gas, a unit of Pavilion Energy, has secured a total of 0.4 million tonnes per annum of LNG supply from BP for a tenure of 20 years starting from 2019.
The LNG supply will come from BP’s stakes in U.S. Freeport LNG, where BP holds tolling rights, and its global portfolio supply.
“The conclusion of a long-term agreement with BP, which involves LNG supply from the US, is another significant development for Pavilion Gas. This deal is part of our continued effort to enhance and diversify our LNG portfolio to deliver sustainable and competitive LNG supply to Asia,” said Seah Moon Ming, Chief Executive Officer, Pavilion Energy and Pavilion Gas.
LNG World News Staff, September 24, 2014; Image: Freeport LNG