BP and Singapore’s Pavilion ink LNG supply deal

BP and a Temasek subsidiary sign a long-term LNG supply deal with a full-cycle emissions ambition

BP will supply Pavilion Energy—a subsidiary of Singapore’s state-owned Temasek—with 800,000t/yr of LNG for ten years from 2024. The long-term sales-and-purchase agreement will see the LNG delivered to Singapore. The partners plan "to co-develop and implement a greenhouse gas (GHG) quantification and reporting methodology” for LNG cargoes “from wellhead to discharge terminal”. Quantifying emissions is the first step towards “a lower carbon future... [and carbon] reduction and offsets for Singapore”, Pavilion Energy CEO Frederic Barnaud says, while BP cites its stated ambition “to be a net zero company by 2050 or sooner”. Pavilion Energy is involved in LNG trading, shipping and storage, as wel