BP Singapore and Pavilion Energy Trading & Supply has signed a sale and purchase agreement (SPA) for the supply of around 0.8 million tonnes of liquefied natural gas (LNG) per year to Singapore for 10 Years from the year 2024.
The Group Chief Executive Officer of Pavilion Energy, Mr Frédéric H. Barnaud, said:
“This agreement further strengthens our relationship with bp as Pavilion Energy advances our strategies for a lower carbon future, beginning with GHG emissions quantification, reduction and offsets for Singapore.”
The bp’s Country President of Singapore and Chief Executive Officer of trading & shipping Asia Pacific & Middle East, Eugene Leong, said:
“bp’s ambition is to be a net zero company by 2050 or sooner and to help the world get to net zero.We are excited to enter into this agreement with Pavilion Energy not only to supply the Singapore market with LNG but also to co-develop a methodology to quantify the carbon intensity associated with the supply.
He also added that Bp looks forward to work with Pavilion Energy in implementing this innovative deal using bp’s liquefied natural gas (LNG) supply portfolio.”
About Bp Singapore
The company’s (BP) main business in Singapore includes trading business of Oil, Gas, Carbon, Chemicals for the regions like Australia, India, Southeast Asia, Middle East, China and Southern and East Africa.
Singapore is also the regional headquarters for transporting marine fuel, lubricants, aviation fuels, industrial lubricants, consumer lubricants, serving international markets and customers.
About Pavilion Energy
Pavilion Energy is a subsidiary of Temasek which is headquartered in Singapore, its main business involves supply of natural gas supply and marketing activities in Europe and South East Asia. Pavilion .
