Singapore's Pavilion Energy and Gasum are joining forces to develop a global LNG bunker supply network.
The gas buyer and trader's Pavilion Energy Singapore subsidiary and the Finnish gas supplier have signed a memorandum of understanding that will leverage each other’s LNG bunker infrastructure and supply capabilities in southeast Asia and Europe.
They said this will provide global supply points for their customers.
Between them, the two will have access to six LNG bunker vessels (LNGBVs). Gasum currently operates five LNGBVs with Pavilion due to take delivery of its first bunker vessel newbuilding next year — a unit it will share with energy major Total.
Pavilion group chief executive Frederic Barnaud declared the company “thrilled” on the tie-up with Gasum and said it will provide customers with a wide supply LNG bunker network for ocean-going vessels sailing between the Far East and Northern Europe.
“We will complement this alliance with additional LNG bunkering partnerships in the Mediterranean, North Asia and the Americas,” Barnaud said.
“Our network will combine global commercial offerings with regional operational expertise and bring further momentum to the emergence of a thriving LNG bunkering industry.”
Gasum chief executive Johanna Lamminen said the company is “happy” to team with Pavilion as a partner in the Far East supporting Gasum’s shipping customers.
“This partnership underlines our aim to build a world-wide partner network. For our customers this mean that we will support them with LNG wherever they are,” she said.
Pavilion, which is a subsidiary of Singapore’s sovereign wealth fund Temasek, is a licensed LNG importer and bunker supplier for Singapore.
Last year the company opened an office in Madrid, Spain, after buying out the assets of Spanish energy company Iberdrola, and said it was planning to expand its business globally.
Gasum supplies LNG and liquefied biogas at several of its own terminals across the Nordic regions.
Earlier this year the company bought out the LNG supply assets Nauticor and AGA from German chemicals company Linde Group.
At the time Gasum said it is planning to expand its reach into the Amsterdam-Rotterdam-Antwerp (ARA) region and northern Germany.
