Total Marine Fuels Global Solutions and Pavilion Gas signed a memorandum of understanding (MoU) on LNG bunkering cooperation in Singapore, Total announced on Tuesday.
Under the MoU, Pavilion Gas, a wholly-owned subsidiary of Pavilion Energy, will supply LNG as a bunker fuel to Total Marine Fuels Global Solutions, Total's affiliate in charge of worldwide bunkering activities, for LNG deliveries to its marine fuel customers in the port of Singapore.
The parties may explore further cooperation in logistics for LNG bunkering activities.
Patrick Pouyanne, chairman and CEO of Total, and Seah Moon Ming, CEO of Pavilion Energy and Pavilion Gas, signed the MoU on the sidelines of the world's leading gas and LNG conference and exhibition GASTECH 2017 in Tokyo, Japan.
"Total has a long-established bunker activity and is also a strong worldwide LNG player, thus providing the required conditions to position the group in the emerging LNG bunker market, where our ambition is to become a key player," Pouyanne was quoted as saying.
"In this context, developing a competitive worldwide LNG bunkering network will be key for the industry; securing access to the main hubs, such as Singapore, is part of our strategy. The MOU signed with Pavilion Gas is a real opportunity for Total to make further inroads in this promising new market," he added.
The CEO of Pavilion Energy and Pavilion Gas also said that Pavilion Energy views LNG bunkering as a future driver for LNG demand growth and welcomes this MoU with Total.
"The supply of LNG by Pavilion Gas as a bunker fuel in the port of Singapore supports Singapore's position as a leading bunkering port and contributes towards establishing a global LNG bunkering ecosystem. Pavilion Energy is pleased to collaborate with industry partners to build a robust LNG bunkering hub in Singapore and the region," Ming explained.
By Ebru Sengul