Uniper, Pavilion Gas to share access to LNG terminals in Europe, Singapore

Singapore (Platts)--20 Sep 2017 553 am EDT/953 GMT

Germany's Uniper and Singapore's Pavilion Gas have signed a multi-year agreement to expand their LNG trading businesses and share access to their respective LNG terminals in Singapore and Europe, in a bid to enhance portfolio flexibility.

The agreement will provide Uniper access to Singapore's storage and reload facility, and Pavilion Gas access to regasification capacities at Gate LNG in Rotterdam, the Netherlands, and Grain LNG in the UK.

"The agreement will strengthen Pavilion Gas' reach to the UK and continental European gas markets. Likewise, it also allows Uniper to have better reach to Asian markets," said Pavilion Energy CEO Seah Moon Ming Wednesday at the 9th CWC LNG Asia Pacific Summit, held in Singapore September 19-22.

"Europe's demand for LNG is expected to grow as it looks to reducing its reliance on pipe gas. Access to these markets will also enhance the flexibility within our LNG portfolio and create further optimization opportunities," he added.

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Uniper brings its long track record of being one of the biggest midstream LNG and gas portfolio players in Europe to the deal, while Pavilion Gas provides all the experience from the Southeast Asian LNG market with focus on Singapore, said Uniper in a statement Wednesday.

"Uniper is very pleased to have signed this agreement with Pavilion Gas. Combining Pavilion Gas and Uniper's LNG and midstream capabilities provides a way for our respective companies to broaden our portfolios now and in the future through this cooperation," said Keith Martin, member of the board of Uniper.

Both companies will be looking to co-operate further in different areas of energy trading providing extensive experience of their home markets and venturing into new markets together, the statement added.

--Abache Abreu,
--Edwin Loh,
--Edited by Irene Tang,

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