Temasek's LNG Arms Plans to Invest in Asian Terminals

Temasek Holdings’ liquefied natural gas unit, Pavilion Energy wants to invest in Asian terminals and infrastructure to advance its aim of supplying gas to the region, Business Times reported.

Pavilion Energy will add more funds to its initial authorised capital of $1 billion to fulfil its ambitions, chief executive officer Seah Moon Ming said at an LNG conference in Singapore on Friday, according to the newspaper.

The company plans to acquire assets across the full LNG value chain by building strong relationships with key partners, investing and co-investing in gas acreage, liquefaction plants and assets, shipping and regasification.

In April this year, Singapore government owned Temasek Holdings has set up a company, Pavilion Energy, to invest in the liquefied natural gas (LNG) industry.

Pavilion will start trading LNG in Asia within the next three months and will seek partnerships with existing trading companies in region, Business Times quoted Seah as saying.

Sign-up for our free weekly newsletter update via email here