Pavilion Energy powers up globally with new Europe HQ
Pavilion Energy group chief executive Frederic Barnaud (above) sees the Singapore market as an important one as it has a location advantage for trading. The BW Pavilion Aranda is a vessel that Pavilion Energy will charter on a long-term basis to strengthen its global liquefied natural gas trading activities, especially on long-haul voyages from Atlantic liquefaction plants to Singapore and other Asian markets.
Pavilion Energy group chief executive Frederic Barnaud sees the Singapore market as an important one as it has a location advantage for trading. The BW Pavilion Aranda (above) is a vessel that Pavilion Energy will charter on a long-term basis to strengthen its global liquefied natural gas trading activities, especially on long-haul voyages from Atlantic liquefaction plants to Singapore and other Asian markets.
Temasek-owned Pavilion Energy, which supplies one-third of Singapore’s downstream natural gas demand, is making strides towards its ambition of becoming a global player in the liquefied natural gas (LNG) industry.
Its acquisition of Spanish utility giant Iberdrola’s portfolio of LNG assets, which was announced in June, will be completed by Jan 1 next year. Pavilion Energy is setting up its European headquarters in Madrid to expand its operations.
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A version of this article appeared in the print edition of The Straits Times on September 25, 2019, with the headline ‘Pavilion Energy powers up globally with new Europe HQ’. Print Edition | Subscribe
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