Total signed May 31, 2014 a purchase agreement and sale of liquefied natural gas (LNG) over 10 years with Pavilion Gas, a subsidiary of Energy Pavilion, for the delivery of 0.7 million tons of LNG per year in Asia, including Singapore, starting in 2018. Moreover, several LNG cargoes will be provided before 2018. This LNG will come from the global LNG portfolio of Total.
" Total is very pleased to build a business relationship with key Gas Pavilion , "said Philippe Sauquet, President, Gas & Power at Total. " This sale agreement to deliver long-term LNG in Asia, including Singapore, reinforces our strategy to expand the distribution of LNG in the region, and thus to meet the growing energy demand in this market. "
" Gas Pavilion attaches great importance to partnership with Total. This is a landmark development that will help Pavilion Gas as an actor in regional LNG market to meet growing energy demand in Asia. This agreement with Total strengthens the supply portfolio LNG Gas Pavilion providing a diversification of global LNG sources, "said Seah Moon Ming, Chief Executive Officer of Pavilion Pavilion Energy and Gas.