LNG Journal editor:
Pavilion Energy of Singapore has signed a cooperation agreement with Gasum of Finland to develop a global LNG bunkering supply network for customers in Singapore and Northern Europe, including Amsterdam, Rotterdam and Antwerp.
Under a memorandum of understanding, the Asian and Nordic partners said they had agreed to leverage each other’s LNG bunkering infrastructure and supply capabilities to provide global supply points for customers.
“Pavilion Energy is thrilled to partner with Gasum and provide customers with a wide LNG bunker network for ocean-going vessels sailing between the Far East and Northern Europe,” said Mr Frédéric H. Barnaud, Group Chief Executive of Pavilion Energy, after the virtual signing in both Finland and Singapore. As a licensed LNG importer and bunker supplier for Singapore, Pavilion has taken several firm steps to invest in and support Singapore’s LNG bunker readiness. The company is a subsidiary of the city-state’s wealth fund Temasek.
Gasum is owned by the government of Finland and has five LNG bunkering vessels in operation and several LNG terminals and plants in Nordic region.
“We will complement this alliance with additional LNG bunkering partnerships in the Mediterranean, North Asia and the Americas,” added Barnaud.
“Our network will combine global commercial offerings with regional operational expertise and bring further momentum to the emergence of a thriving LNG bunkering industry,” he stated.
Johanna Lamminen, the CEO of Gasum, said the partnership underlined their aims for the eventual creation of a global bunkering network. “For our customers this means that we will support them with LNG wherever they are,” added Lamminen.
“We are very happy to have Pavilion Energy as a partner in the Far East supporting our shipping customers,” said the Gasum CEO.
Gasum owns a network of LNG import terminals, a liquefaction plant and an expanding chain of LNG fuel stations for vehicles in the Nordic region.
Its terminals include Sweden’s Nynashamn small-scale facility with 20,000 cubic metres capacity of storage and purchased in April 2020 by Gasum from Germany’s Linde AG.
The Finnish company also has a small-scale liquefaction plant in Risavika, near Stavanger in Norway, in addition to owning and operating other small regasification and import terminals in Ora and Alesund in Norway and Lysekil in Sweden.