Singapore’s Pavilion, Chevron Sign LNG pact
Singapore’s Pavilion Energy and US major Chevron have signed a six-year LNG sale and purchase agreement for the supply of approximately 0.5mn mt/year of LNG to Singapore from 2023.
Each LNG cargo delivered will be accompanied by a statement of its greenhouse gas (GHG) emissions measured from wellhead to discharge port, Pavilion said.
Pavilion said that together with its partners it was committed to co-developing and implementing a GHG quantification and reporting methodology for LNG. The methodology is being developed based on internationally recognised standards and will cover emissions from wellhead-to-discharge terminal, including those connected with LNG transportation, it added.
Pavilion CEO Frederic Barnaud said the company was proactively promoting GHG emissions reduction and offsets. Chevron Singapore country chairman Law Tat Win said his company embraced a lower-carbon future, where it would continue to deliver "affordable, reliable and ever-cleaner products."