Longest term agreement signed by Pavilion and SLNG

A new five-year agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island has been signed by Pavilion Energy Pte Ltd and Singapore LNG Corporation Pte Ltd (SLNG). It is the first such agreement signed for a term longer than two years, following a competitive bidding process. The contract’s longer tenure allows Pavilion Energy greater flexibility in managing its LNG portfolio, market fluctuations and demand dynamics.

Frédéric H Barnaud, Pavilion Energy Group Chief Executive, said: “Tank capacity in Singapore presents greater opportunities for LNG optimisation and trading in the Asia-Pacific Basin.”

The move underpins Singapore’s ambitions to become an LNG hub. Pavilion Energy will now have access to tank capacity of 180,000 m3 on a segregated basis at the SLNG Terminal over the next five years. Pavilion said in a statement that this new capacity will support a higher volume of LNG trading activities, including LNG breakbulk and vessel cool-down services. 

Tan Soo Koong, SLNG Chief Executive, said: “SLNG is primed to play our part in helping Singapore achieve its ambition of becoming an LNG hub, through catalysing LNG-related businesses such as LNG trading, small-scale LNG distribution, LNG bunkering, and more.”

SLNG terminal has two jetties, three LNG 180,000-m3 storage tanks, a fourth 260,000-m3 tank and expanded regasification facilities, raising throughput capacity of the terminal to 6 mta. Each of the jetties has four uploading/reloading marine arms, with the main jetty accommodating LNG carriers with capacities of 120,000 to 265,000 m3.

The secondary jetty was modified in February to reload small-scale LNG carriers, with capacities of between 2,000 and 10,000 m3.

Singapore has plans to become a regional LNG powerhouse and major LNG bunkering supplier. 

For more information visit www.slng.com.sg

6th April 2020