Petronas, Pavilion Energy to collaborate on LNG supply and trading
3/31/2017
SINGAPORE (Reuters) -- Malaysian state-owned Petronas will collaborate with Singapore's Pavilion Energy in trading LNG, the companies said on Friday.
The subsidiaries of the two firms, Petronas LNG and Pavilion Gas signed a memorandum of understanding on March 30.
The firms will "explore the supply and optimization of LNG including spot trading and cargo swaps" and look at efforts "relating to LNG receiving terminal and storage facilities," according to a statement issued by Pavilion Energy.
Reporting by Mark Tay; Editing by Christian Schmollinger
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
Comments