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"Total and Pavilion sign MoU on LNG bunkering cooperation in Singapore"
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Under the terms of the MoU, Pavilion Gas – a wholly owned subsidiary of Pavilion Energy – will provide LNG as a bunker fuel to Total Marine Fuels Global Solutions – Total’s affiliate responsible for worldwide bunkering activities. Total Marine Fuels Global Solutions will then use this for marine fuel customers in the port of Singapore. Both parties may also explore further cooperation in logistics for LNG bunkering activities. The MoU was signed on the sidelines of Gastech 2017.
The Chairman and CEO of Total, Patrick Pouyanné, said: “Our mission is to offer global and compliant solutions to our customers to meet the 2020 Global Cap requirements. Total has a long-established bunker activity and is also a strong worldwide LNG player, thus providing the required conditions to position the Group in the emerging LNG bunker market, where our ambition is to become a key player. In this context, developing a competitive worldwide LNG bunkering network will be key for the industry; securing access in the main hubs, such as Singapore, is part of our strategy. The MOU signed with Pavilion Gas is a real opportunity for Total to make further inroads in this promising new market.”
The CEO of Pavilion Energy and Pavilion Gas, Seah Moon Ming, added: “Pavilion Energy views LNG bunkering as a future driver for LNG demand growth and welcomes this MOU with Total. Our role as an LNG bunker supplier is reinforced by the appointment of Pavilion Gas as an LNG importer in Singapore. The supply of LNG by Pavilion Gas as a bunker fuel in the port of Singapore supports Singapore’s position as a leading bunkering port, and contributes towards establishing a global LNG bunkering ecosystem. Pavilion Energy is pleased to collaborate with industry partners to build a robust LNG bunkering hub in Singapore and the region.”
Read the article online at: https://www.lngindustry.com/lng-shipping/04042017/total-and-pavilion-sign-mou-on-lng-bunkering-cooperation-in-singapore/