Under the deal, Gazprom will supply liquefied natural gas (LNG) from its portfolio to Asian countries, including Singapore.
Gazprom management committee deputy chairman Alexander Medvedev said: "Today’s agreement is a backbone of trading relations with Pavilion Gas, which extends our long-term cooperation with Singapore.
"This deal reinforces our positions in the Asian LNG market and supports our business strategy to further expand into emerging LNG markets."
Recently, Pavilion Energy also signed deal with Huadian for the supply of LNG to the Chinese energy company from 2020.
In addition, the firm signed agreement with Japan’s Jera to jointly procure and invest in LNG.
In 2014, Gazprom entered into a 30-year deal with China National Petroleum (CNPC) to supply 38 billion cubic meters of gas per year through its western route pipeline.
In September 2014, Pavilion Gas signed an agreement to buy 400,000t per annum of gas LNG from BP for 20 years commencing in 2019.
Under the terms of the agreement, BP will supply the LNG from its equity stakes in Freeport LNG in Houston, US and global portfolio.
Image: GM&TS has signed 10-year LNG sale and purchase agreement with Pavilion Gas. Photo: courtesy of Gazprom.
