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SINGAPORE, Sept 24 (Reuters) - Pavilion Gas Pte Ltd, awholly owned subsidiary of Singapore's Pavilion Energy, hassigned a deal for BP to supply it with 0.4 million tonnesper year of liquefied natural gas (LNG) for 20 years from 2019.
"Supply will be from BP's global portfolio of equity andmerchant sources of LNG," Paul Reed, chief executive of BPIntegrated Supply and Trading, said in the statement issued byPavilion.
"This includes the Freeport LNG Project in the U.S., whereBP holds tolling rights and which is expected to reach a finalinvestment decision before the end of 2014."
The statement did not say how much Pavilion would pay forthe LNG.
Pavilion Energy was set up in April 2013 by Temasek Holdings, Singapore's sovereign wealth fund, and is focused onLNG investment. The firm has committed capital of $6.9 billion,according to the company.
Singapore is trying to position itself as an LNG trading hubfor Asia as it is located between producers such as Indonesia,Malaysia and Australia, and countries with growing demand suchas China, India and Thailand.
(Reporting by Florence Tan; Editing by Joseph Radford)
