In the context of fast-rising LNG demand in Asia, the agreement combines Pavilion Energy’s strength to connect markets and supplies with Novatek’s growth plans through cost-competitive LNG projects.
The agreement provides for Pavilion Energy to evaluate a potential participation in and offtake from Novatek’s Arctic LNG 2 project. Both companies will further collaborate on marketing, swaps and trading, as well as joint investments and commercial arrangements for shipping and transshipment facilities.
Mr Barnaud said: “Our partnership with Novatek will reinforce Pavilion Energy’s strategic supply portfolio and accelerate our expansion, thriving regionally and globally from our solid anchor in Singapore.”
