Regional LNG: Pavilion Gas, Shell to import next tranche of LNG for Singapore

By Romel S. Gurky

Singapore?s Energy Market Authority (EMA) has awarded Pavilion Gas Pte Ltd and Shell Eastern Petroleum (Pte) Ltd each a license to import the next tranche of Liquefied Natural Gas (LNG) for the island state.

This was announced today by S. Iswaran, Minister for Trade and Industry (Industry) during the opening of Singapore International Energy Week 2016.

EMA said in a statement Monday that Pavilion Gas and Shell were selected via a two-stage Request for Proposal (RFP) process to appoint up to two LNG importers to supply Singapore with LNG. The two companies offered reliable, flexible and competitively-priced LNG supplies to Singapore, and demonstrated a strong ability to cater to different market needs. They secured the most demand from different buyers during Stage Two of the RFP.

For the next tranche, Pavilion Gas and Shell will each have exclusivity to market up to 1 Mtpa of LNG or for 3 years, whichever is earlier. The next tranche of imports is expected to commence from 2017. ?Interested gas buyers may approach the appointed importers on their gas supply terms,? the statement said.

Editing by Reiner Simanjuntak