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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek gas unit signs first long-term deal with Europe supplier

Posted on 31 October 2013

Pavilion Energy Pte, the liquefied natural gas unit of Singapore’s state-owned investment company, made its first long-term deal with a European supplier. Pavilion Energy, owned by Temasek Holdings Pte, will receive 500,000 metric tons a year of LNG for 10 years starting in 2018, the company said in an e-mail, without identifying the seller.
The contract is with “a major European oil and gas multinational” for delivery into Singapore and the region, Chief Executive Seah Moon Ming said in a speech at a conference in the city-state……………………………..Full Article: Source


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