• 2017 September 20 17:49

    Uniper and Pavilion Gas sign LNG deal providing access to their assets in respective home markets

    Uniper Global Commodities SE, Germany, and Pavilion Gas Pte Ltd, Singapore, are expanding their liquefied natural gas trading businesses with an agreement to provide each other access to its LNG asset base and associated flexibility from the assets, Uniper says in a press release.

    The multi-year agreement between the companies provides Uniper access to Singapore storage and reload facility while Pavilion benefits from the access to LNG Re-gas capacities in Gate LNG terminal (Rotterdam, The Netherlands) and Grain LNG terminal (United Kingdom).

    The deal therefore will provide Pavilion access to UK and Continental European gas markets, while Uniper will benefit from getting access to LNG assets in the Asian market.

    This deal will enhance the flexibility within the diverse LNG portfolios developed by both companies over the years. It will further create LNG logistic optimization abilities for both companies between Atlantic and Pacific basin.

    Uniper brings its long track record of being one of the biggest mid-stream LNG and gas portfolio players in Europe to the deal while Pavilion provides all the experience from the South East Asian LNG market with focus on Singapore.

    Keith Martin, member of the board of Uniper SE, said “Uniper is very pleased to have signed this agreement with Pavilion Gas. Combining Pavilion Gas and Uniper's LNG and midstream capabilities provides a way for our respective companies to broaden our portfolios now and in the future through this cooperation. We are thankful to the Pavilion Gas team for their efforts over the past months in concluding this important Agreement with Uniper.”

    Both companies will be looking to co-operate further in different areas of energy trading providing extensive experience of their home markets and venturing into new markets together.

    About Uniper

    Uniper Global Commodities is a unit of Uniper SE, an international energy company with about 13,000 employees, based in Düsseldorf, Germany. Uniper operates in Europe, Russia, and other markets around the world. A balanced portfolio of large-scale assets—combined with outstanding technical and commercial expertise enable Uniper to deliver bespoke, competitively priced energy products and services.

    Uniper operates about 40 GW of reliable power generating capacity in Europe and Russia which consists mainly of hydro, gas, and coal power plants. This asset base and fuel mix makes Uniper a large producer of reliable, dispatchable power with a high percentage of climate-friendly energy sources like hydro and gas. Uniper also has access to a variety of gas sources, longterm gas contracts and the global LNG market. In addition, Uniper operates gas storage facilities with a total capacity of about 8,5 bcm (Billion cubic meters) in Germany, Austria and the United Kingdom. Uniper’s trading activities encompass the entire energy commodity supply chain in power, emission allowances, natural gas, LNG, coal, and freight.

    About Pavilion Energy

    Pavilion Energy invests in key liquefied natural gas (LNG) businesses to support the growth of a sustainable future in the region. Pavilion Gas, a wholly-owned subsidiary of Pavilion Energy, is responsible for the marketing and distribution of natural gas in Singapore and the region, including small-scale LNG and LNG bunkering initiatives; and participates in LNG trading across the globe. In 2016, Pavilion Gas was appointed by the Singapore Energy Market Authority (EMA) as an LNG Importer for Singapore.




2017 October 22

15:47 Navantia and General Electric sign a license agreement
15:45 Maersk Line lands award for sustainability collaboration
15:43 Scorpio Bulkers announces the financing of a Kamsarmax vessel in Japan
15:42 Aker Solutions ASA posts results for Q3 2017
15:39 General Dynamics NASSCO christens USNS Hershel “Woody” Williams
15:36 Nb. 445 ‘Snow Crystal’ launched at the Westerbroek yard of Ferus Smit
15:34 Wärtsilä signs maintenance agreement with GasLog LNG Services for eight LNG carriers

2017 October 20

18:31 Finnpilot Pilotage Ltd joins the ITS Finland network
18:10 Kari Wihlman appointed as Director-General of Finnish Transport Agency with effect from 1 January 2018
17:47 Rosmorport appoints Oksana Masyuk as Deputy Director for Economics and Finance of its Arkhangelsk Branch (photo)
17:19 Russian Railways's loading of export freight from ports increases by almost by 6% in 3 quarters of 2017
16:56 Scandlines Helsingborg-Helsingör expands capacity
16:28 USPA announced tender for construction of berth 1-z in Port of Odessa
16:03 Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
16:00 Wilson Sons Shipyards delivers SST-Aruá to SAAM SMIT
15:31 In 9M’17, TransContainer transported 1.31 mln TEUs, up 17.7% Y-o-Y
15:03 Otto Energy starts drilling of the ST 224 #1 well
14:29 Opening ceremony of Russian-Indian international Indra-2017 exercise held in Vladivostok
14:02 d’Amico International Shipping launches the first three LR1 vessels
13:30 Sea transport of Sevastopol carried 660,400 passengers in September 2017, down 3.2%, Y-o-Y
13:02 ICTSI orders hybrid RTGs for Manila flagship
12:44 Draft procedure for investment port duty assessment is available at federal portal for legal information (document)
12:22 Aker Solutions wins order for world's largest umbilicals system
12:19 APL starts new Korea China Straits service
12:05 LNG reloading station of Klaipėdos nafta applies highest safety standards
11:37 Major ASW ship Vice Admiral Kulakov enters the port of Alexandria
11:08 Zvezda Shipbuilding complex, Rosnefteflot and Taimyrneftegaz agreed to build and operate 10 Arctic shuttle tankers
10:43 Conference “LNG Fleet and LNG Bunkering in Russia”: registration is underway
10:20 Brent Crude futures price up 0.24% to $57.37, Light Sweet Crude – up 0.33% to $51.46
09:59 Innovative passenger catamaran Grifon presented in Saint-Petersburg (photo)
09:32 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,582 points

2017 October 19

18:01 Record shipment marks ABP Ipswich and Glencore support of UK farmer
17:38 Arab Association for Women in the Maritime Sector launched in Egypt
17:15 Throughput of port Kaliningrad in Jan-Sep'17 grew by 17% to 10.17 mln t
16:50 Throughput of the port of Rotterdam up 2% to 351.5 mln t in 9M’17
16:39 Panama Maritime Authority holds a kick-off ceremony for the construction of the new Amador Cruise Port
16:21 Russian and Greek ships to participate in 190th Anniversary of the Battle of Navarino
15:59 Hartmann Group's AHTS fleet secures long-term investment
15:39 Throughput of port Vyborg up 15% to 1.09 mln t in 9M’17
15:13 Throughput of port Vysotsk up 3% to 12.91 mln t in 9M’17
14:44 Throughput of port Primorsk in 9M’17 down 8% Y-o-Y to 44.68 mln t
14:38 MABUX: Global bunker prices may continue upward evolution next week
14:17 Throughput of port Ust-Luga up 11% to 76.02 mln t in 9M’17
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:25 Throughput of Big Port St. Petersburg up 10% to 39.48 mln t in 9M’17
13:02 TechnipFMC reaches an agreement to acquire Plexus’ exploration wellhead business
12:46 USC to transit to a new corporate management system
12:33 Knyaz Vladimir cruise liner ends 2017 navigation
12:31 Port of Fujairah and Dutch Port companies sign MOU
12:01 Prosafe updates operational results for Q3 2017
11:39 First vessel with coal shipped from Rosterminalugol to Portugal (photo)
11:20 Clean Marine receives a seven-system order from Inventor Chemical Tankers
11:08 Drydocks World recognized as the region’s best rig repair yard
10:54 Crude oil futures prices edge down 0.05% to $58,12 in London, in New York - 0.08% to $52,0 a barrel
10:41 Marine Institute CNIIMF to focus on LNG bunker market pricing at the Conference LNG Fleet & LNG Bunkering in Russia
10:08 Samsung Heavy Industries wins order to build LNG-FSRU
09:16 Baltic Dry Index edges up to 1566
09:08 Fincantieri starts dry dock works on Viking’s sixth ocean ship
08:16 Conductix-Wampfler’s LASSTEC Container Weighing System Earns OIML R51 Certification