Followers | 149 |
Posts | 17898 |
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 Declares Quarterly Dividend • Business Wire • 04/26/2024 12:30:00 PM
- 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 Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM