Ashurst has provided legal advice to Singapore’s Pavilion Gas Pte Ltd in relation to its 10-year 0.7 million tpa LNG purchase agreement with Total Gas and Power Asia starting from 2018.
The deal is the first publicly announced long-term LNG sales and purchase agreement (SPA) for the Pavilion group.
The LNG volumes will be sourced from Total’s global LNG portfolio and represent an increase of 0.2 million tpa over the earlier agreed volume of 0.5 million tpa, which Pavilion Gas first made public last year. In addition, several LNG cargoes will also be supplied to Pavilion Gas prior to 2018. The deal with Total represents an important development for Pavilion Gas.
Pavilion Gas is a wholly-owned subsidiary of Pavilion Energy, a Temasek portfolio company.
Adapted from press release by Callum O'Reilly