Pavilion prepares for carbon neutrality as normal
The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement
Pavilion Energy’s sales-and-purchase agreement (SPA) with Qatar Petroleum for up to 1.8mn t/yr into its home Singapore market for ten years from 2023 was not a run-of-the-mill contract. Notably, it contained a clause that each cargo delivered under the agreement will be accompanied by a statement of its greenhouse gas (GHG) emissions measured from well to discharge port. The ground-breaking November commitment may well have been in voters’ minds when they selected Pavilion as the Petroleum Economist Mid/Small Cap Energy Firm of the Year in the PE Awards 2020. But CEO Frederic Barnaud is keen to stress that this is only the start of the journey for Pavilion and for the LNG industry more widel
Also in this section
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion