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Pavilion Energy and BP sign 10-year LNG supply agreement for Singapore
Pavilion Energy Trading & Supply and BP Singapore have signed a long-term LNG sale and purchase agreement (SPA) for the supply of approximately 0.8mn t/y of LNG to Singapore for 10 years from 2024.
Beyond the supply of LNG to Singapore, both companies also plan to co-develop and implement a greenhouse gas (GHG) quantification and reporting methodology covering emissions from wellhead-to-discharge terminal, which will be based on mutual transparency and adherence to relevant international standards.