Singapore's Pavilion, Finland's Gasum to develop global LNG bunker supply network
Singapore’s Pavilion Energy and Finnish state-owned gas company Gasum announced they will collaborate to develop a global LNG bunker supply network for their customers in Singapore and northern Europe.
Under a memorandum of understanding, the companies agreed to leverage each other’s LNG bunker infrastructure and supply capabilities in their respective regions of operations to provide global supply points for their customers, they said.
“We will complement this alliance with additional LNG bunkering partnerships in the Mediterranean, North Asia and the Americas,” said Frederic Barnaud, group chief executive officer of Pavilion Energy, a gas importer and marketer owned by Singapore’s state investor Temasek Holdings.
Pavilion is developing LNG bunkering activities, in line with Singapore’s vision of becoming a hub for the cleaner alternative to shipping fuel.
Gasum has five LNG bunker vessels in operation and several LNG terminals in the Nordics.
Reporting by Jessica Jaganathan; Editing by Subhranshu Sahu
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- ONEOK announces joint ventures with MPLX to build LPG export terminal at U.S. Gulf Coast location
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
Comments