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Pavilion Energy buys Iberdrola's LNG assets

Temasek-linked Pavilion Energy is set to take over Iberdrola's liquefied natural gas sale and supply contracts for about 4m tonnes per annum of cargoes, regasification capacity at the UK’s Grain LNG terminal and a time charter on a newbuild LNG vessel. Iberdrola's utility arm has separately agreed to buy LNG from Pavilion Energy.

This latest deal marks Pavilion Energy's first major asset acquisition in Europe following an earlier deal with Germany’s Uniper that grants the Temasek-invested player access to terminals in Europe

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