Followers | 149 |
Posts | 17888 |
Boards Moderated | 0 |
Alias Born | 04/12/2012 |
Wednesday, September 24, 2014 1:50:32 PM
SINGAPORE -- Singapore's Pavilion Energy Ltd. has signed an agreement with BP PLC (BP) to buy 0.4 million tons of natural gas a year, which will include supplies from the Freeport liquefied natural gas project in the U.S.
Pavilion Energy's gas trading unit Pavilion Gas Pte. Ltd. will buy the gas for a 20-year period starting from 2019, Chief Executive Seah Moon Ming told a conference Wednesday.
Earlier this year, Pavilion signed a 10-year deal to buy 0.7 million tons of LNG a year from Total S.A. (FP.FR) starting in 2018.
The Freeport LNG export terminal is co-owned by ConocoPhillips (COP) and is one of three projects that are expected to be the first exporters of U.S. natural gas. The other projects are Sempra's Cameron LNG project in Louisiana and Cheniere Energy Inc.'s Sabine Pass LNG project.
BP may also supply Pavilion with LNG from its other gas producing assets, Paul Reed , chief executive of BP Integrated Supply and Trading said.
Pavilion, a portfolio company of state-investment firm Temasek Holdings Pte. Ltd. , has been rapidly expanding its presence in the LNG business with a capital of $6.9 billion.
Write to Eric Yep at eric.yep@wsj.com
Subscribe to WSJ: online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
09-24-14 0339ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Recent LNG News
- Cheniere Announces Timing of First Quarter 2024 Earnings Release and Conference Call • Business Wire • 04/05/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 01:00:53 PM
- Cheniere Announces Pricing of $1.5 Billion Senior Notes due 2034 • Business Wire • 03/05/2024 09:04:00 PM
- Cheniere Announces Offering of Senior Notes due 2034 • Business Wire • 03/05/2024 01:28:00 PM
- Cheniere Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Financial Guidance • Business Wire • 02/22/2024 12:30:00 PM
- U.S. Futures Surge on Nvidia’s Stellar Performance, Global Markets Respond Positively • IH Market News • 02/22/2024 11:05:39 AM
FEATURED Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • Apr 17, 2024 8:00 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM
Branded Legacy, Inc. Reports Significant Net Income of Over $3.8 Million • BLEG • Apr 16, 2024 8:30 AM