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Pavilion Energy & Chevron Ink a LNG Supply Agreement for Singapore

Source: 2/22/2021, Location: Asia

Pavilion Energy Trading & Supply Pte. Ltd.(Pavilion Energy) and Chevron U.S.A. Inc (Singapore Branch) (Chevron) have signed a six-year LNG sale and purchase agreement (SPA) for the supply of approximately 0.5 million tonnes of LNG per year to Singapore from 2023.

To promote increased sustainability and transparency in the LNG value chain and as required by Pavilion Energy under its supply tender2, each LNG cargo delivered under this agreement will be accompanied by a statement of its greenhouse gas (“GHG”) emissions measured from wellhead to discharge port.

In addition to supplying LNG to Singapore, Pavilion Energy and its strategic partners are committed to co-develop and implement a GHG quantification and reporting methodology for LNG. The methodology is being developed based on internationally recognised standards and will cover emissions from wellhead-to-discharge terminal, including LNG transportation.

Mr Frederic H. Barnaud, Group CEO of Pavilion Energy, said, “As we proactively promote GHG emissions reduction and offsets, we are thrilled to be joined by Chevron. I am confident that a bold, ambitious and uncompromising industry collaboration will boost our own efforts towards achieving a meaningful impact.”

“Chevron embraces a lower-carbon future, where we will continue to deliver affordable, reliable and ever-cleaner products. I am excited that Chevron will be partnering with Pavilion Energy to develop processes and tools which will enable us to offer lifecycle carbon footprinted products to the market in Singapore,” said Mr Law Tat Win, Chevron Singapore Country Chairman.

Natural Gas News in Singapore >>

Bangladesh >>  2/22/2021 - Qatar Petroleum entered into a long term Sale and Purchase Agreement (SPA) with Vitol for the supply of 1.25 million tons per annum (MTPA) of liquefie...
Singapore >>  2/22/2021 - Pavilion Energy Trading & Supply Pte. Ltd.(Pavilion Energy) and Chevron U.S.A. Inc (Singapore Branch) (Chevron) have signed a six-year LNG sale and pu...

United States >>  2/22/2021 - Global law firm Norton Rose Fulbright has advised Pavilion Energy Trading & Supply Pte. Ltd. (“Pavilion Energy”), a wholly-owned subsidiary of Pavilio...
Egypt >>  2/20/2021 - Petroleum and Mineral Resources Minister Tarek El Molla said that the ministry is working on building natural gas fuel stations, along with supplying ...

Australia >>  2/19/2021 - Woodside Energy Trading Singapore Pte Ltd has entered into a sale and purchase agreement (SPA) with RWE Supply & Trading GmbH (RWE) for the supply of ...
Malaysia >>  2/17/2021 - Uzma Bhd, through its wholly-owned subsidiary Uzma Engineering Sdn Bhd has secured two licenses from the Energy Commission to import liquefied natural...

Singapore Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

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