Asia/Pacific News
Uniper and Singapore's Pavilion Gas Ink Deal to Share LNG Assets in Respective Markets
Uniper Global Commodities SE (Uniper) today announced that it has signed a multi-year agreement with Singapore's Pavilion Gas Pte Ltd (Pavilion) providing Uniper access to Pavilion's Singapore storage and reload facility, as well as providing Pavilion access to LNG re-gas capacities at the Gate LNG terminal in Rotterdam and Grain LNG terminal in the UK.
The new deal is said to enhance flexibility within the companies' LNG portfolios and further develop LNG logistic optimisation for both companies between Atlantic and Pacific basin.
"Uniper is very pleased to have signed this agreement with Pavilion Gas," said Keith Martin, member of the board of Uniper.
"Combining Pavilion Gas and Uniper's LNG and midstream capabilities provides a way for our respective companies to broaden our portfolios now and in the future through this cooperation. We are thankful to the Pavilion Gas team for their efforts over the past months in concluding this important Agreement with Uniper."
Uniper says the two companies will look for further cooperation opportunities in different areas of energy trading in the future.
As Ship & Bunker reported in May, a LNG bunkering demonstration by Pavilion Energy in Singapore marked the first time a port in Southeast Asia had seen LNG supplied to a ship as fuel.
