Pavilion Gas and Singapore LNG Corporation (SLNG) have signed an agreement for Liquefied Natural Gas (LNG) Storage and Reload Services at the SLNG Terminal, on Jurong Island.
This agreement concluded a Request for Proposals process initiated by SLNG in February 2017, where interested parties were invited to submit proposals for the provision of Storage and Reload Services on a segregated basis at the Terminal.
Under the agreement, Pavilion Gas has rights to access tank capacity on a segregated basis at the SLNG Terminal for LNG Storage and Reload Services over the next 24 months.
This supports higher volume of LNG Trading activities, small-scale LNG opportunities, LNG breakbulk and vessel cool-down services. Pavilion Gas will work with industry players to trade LNG indexed to the Sling (SGX LNG Index Group) to support more trades based on the index.
With increased spot trading volume, this is expected to strengthen Singapore’s position as an Asian LNG Hub, according to Mr Seah Moon Ming, CEO of Pavilion Energy and Pavilion Gas.
“With the enhanced capacity and capabilities at our Terminal, such as the newly- installed LNG Truck Loading Facility and upcoming additional tank capacity, SLNG will be better able to serve industry players who are keen on using Singapore as a platform to grow their LNG businesses,” added Mr John Ng, CEO of SLNG.
