Total has signed a 10-year LNG sale and purchase agreement (SPA) with Pavilion Gas, a subsidiary of Pavilion Energy, for the supply of 0.7 million tpa of LNG to Asia starting in 2018.
Several LNG cargoes, sourced from Total’s global LNG Portfolio, will also be supplied prior to 2018.
Philippe Sauquet, President Gas and Power, Total, said: “Total is delighted to build a key commercial relationship with Pavilion Gas […] This long term sales agreement to deliver LNG to Asia, including Singapore, reinforces our strategy to expand LNG trade in this region and thus to meet the growing energy demand of this market.”
Seah Moon Ming, Chief Executive Officer, Pavilion Energy and Pavilion Gas, said: “Pavilion Gas values this partnership with Total. This is an important development for Pavilion Gas as a regional LNG player in meeting the growing energy needs in Asia. This deal with Total strengthens Pavilion Gas’ LNG supply portfolio as it provides supply diversification from global LNG sources.”
Adapted from press release by Callum O'Reilly